Friday, April 16, 2010

Retirement Quotes to Help You Retire Happy


Researchers at the University of Greenwich suggest best friends not family are the key to a happy retirement.

This is because so many grandparents have the freedom of their twilight days interrupted by childcare, they say, and are not able to do fun things in retirement.

Those with children or grandchildren were no more happy than those without, the study of 279 retirees presented to the British Psychological Society said.

But those with strong social networks interviewed for the study were 30 percent more satisfied with their lives than those without, according to the researchers>

Here are a few of the latest retirement quotes and retirement sayings that I have accumulated to help you retire happy:


    #1 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Thank Heaven for Retirement!
    — from How to Retire Happy, Wild and Free

    #2 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money.
    — Jonathan Clements

    #3 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Retire? I'm going to stay in show business until I'm the only one left.
    — George F. Burns

    #4 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Life is a game. Happy people are the players. Unhappy people are the spectators. Which would you like to be?
    — from Life's Secret Handbook by Ernie J. Zelinski

    #5 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Retirement is the time when you never do all the things you intended to do when you were still working.
    — Unknown wise person

    #6 Retirement Quote of Second Top-Ten List of Retirement Quotes
    If my dreams could all come true paradise/retirement would be — in a little bungalow — somewhere by the sea.
    — Unknown wise person

    #7 Retirement Quote of Second Top-Ten List of Retirement Quotes
    If you don't learn to laugh at trouble, you won't have anything to laugh at when you are old.
    — Will Rogers

    #8 Retirement Quote of Second Top-Ten List of Retirement Quotes
    I really stay busy [in retirement]. I often have to cancel my golf games on the weekends to go play in tennis tournaments.
    — Richard Davies

    #9 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Retirement: A Time to Become Much More than You Have Ever Been
    — from How to Retire Happy, Wild and Free

    #10 Retirement Quote of Second Top-Ten List of Retirement Quotes
    Retirement is waking up in the morning with nothing to do and by bedtime having done only half of it.
    — Unknown wise person
For more retirement quotes and retirement sayings see:


Sunday, April 4, 2010

Retirement Plans of Many Baby Boomers Are at Least $250,000 Short


If you are worried about retirement you are not alone. A recent survey out shows that Americans are increasingly ill-prepared for retirement. Workers are delaying their planned career end dates to instead focus on building a nest egg of some type.

Even using Simple Retirement Calculators will show that most people need a retirement job to create more retirement income.

According to CNNMoney.com:

“The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit Research Institute’s annual Retirement Confidence Survey.

That excludes the value of primary houses and defined-benefit pension plans."

Workers who said they had less than $1,000 jumped to 27%, from 20% in 2009."

The survey found that 54 percent of American workers with some form of retirement savings have less than $25,000 stowed away and need to spend more time retirement
planning
.

    Low Balances In Retirement Funds

Only about half the U.S. workforce is covered by some type of employer-sponsored retirement plan. And most of those are 401(k) plans, which usually require employees to contribute and make investment decisions.

Even before the financial crisis, the average balance in 401(k)s for workers nearing retirement was just $78,000. After the market plunged, that average was reduced to about $56,000. That's just not enough for a comfortable retirement, says Roger W. Ferguson Jr., president and chief executive officer of TIAA-CREF, the financial services company that offers retirement plans for employees in the academic, medical and nonprofit fields.

"Many families, at this stage, are short $250,000 from what they're going to need," Ferguson says.

Check out Why My Retirement Plan Is Better than David Letterman's Retirement Plan.