Posts Tagged ‘ plan ’

Could Living a Long and Healthy Life Leave You Without Money in Retirement?

24/12/2011
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retirement

Will I have a long retirement? Should I live longer than average will I have enough money to support myself in retirement? Am I saving enough for retirement? These questions are key when you’re deciding how much money to save for retirement in order to live comfortably and have enough money for your entire lifespan. Obviously, no one knows how long their life will be, although it’s possible to make an educated guess. The most important thing about life expectancy is to save enough money before you retire so that you have enough money to support yourself for the entire time you’re retired. After all, it could be 30 or 40 years. Retirement Plans There are a variety of considerations when working at making a retirement plan, but life expectancy is an enormous factor. People used to think that they’d be lucky to live twenty years after retirement. Today,...

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Having A Backup Plan

06/07/2011
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If nothing else, the recent/current economic recession should be a warning to us all that our economic futures are likely not as secure as we’d like to think they are. Several people we’re thrust into no-win economic predicaments for a variety of different reasons. Simply put, the average person doesn’t anticipate ever losing their main source of income, yet it’s a potential reality that cannot be ignored. The key to planning for this is to have a backup source of income. Many view alternative sources of income as a way to put some extra change in their pocket, but in a bind, these side-projects can end up being the difference between foreclosing and not foreclosing. Like anything worthwhile though, there aren’t any shortcuts to securing a quality alternative source of income. You will have to commit time and resources in developing a dependable alternative source of income. The key...

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3 Tips For Making Your Debt Reduction Plan Work In 2011

06/01/2011
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One of the most popular New Year’s resolutions is to set a goal for getting out of debt. Sadly, it’s also one of the hardest to achieve. Not because it takes any special training or techniques. But because it usually takes a person many years to get deep into debt – and it will take a lot of time to get out, too. But there are some very simply ways to improve your chances of making it work in 2011. Most importantly, if you come up with an actual plan to make your resolution come true, you’ll be way ahead of most people. You won’t get out of debt just by hoping it will happen. Or just by working a little harder at it. If you follow these 3 tips, you’ll be much more likely to be able to cross “getting out of debt” off your wish list for...

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