Essential Considerations for a Happy Retirement

For anyone entering middle age, thoughts about retirement start to become an important feature of their future considerations. We all have different ideas about what retirement is and how it will unfold for us; some see it as the time when they will have an opportunity to do all the things they’ve been wanting to do throughout life, some see it as an opportunity to travel and many others relish the opportunity to have more leisure time to spend with their family and loved ones.

Here is an excellent USNews report about retirement and its major considerations –

Retirement – US News & World Report
http://money.usnews.com/money/retirement
Retirement planning advice and guides to help you plan for a successful retirement. Retirement news on investing, including articles on 401ks, simple IRAs, …

The fact of the matter is that, regardless of your dreams, the one single factor that will apply to everybody is to be in a position to be able to afford to retire comfortably. Nowadays, people are being actively encouraged to think ahead towards their retirement from an earlier age with the intention of trying to calculate how much money they will need and where that money will come from in order to be happy and safe.

State benefits will provide some security in terms of financial income but for most people who have been used to a high standard of living, additional financial planning will be necessary. With company and work related pensions being less secure and unpredictable, it is prudent to look at other ways of securing finance for the latter phase of our lives.

This is a useful calculator for assessing your retirement financial needs – Retirement Planning and Savings Plans – Retirement Calculator …
http://money.cnn.com/retirement/
Retirement planning strategies and retirement advice, including retirement calculators to help you retire faster, 401k tips and more.

… and this throws another issues to consider when assessing financial needs in retirement;

Why the ‘4% Rule’ for Retirement Only Works for the Wealthy …
http://www.nbcnews.com/business
For years, financial advisers have relied on a simple rule of thumb to guide people planning for retirement: withdraw 4 percent a year, and you have excellent…

RetirementLife expectancy is much greater now and retirement ages of being extended. This means that we work longer before we are eligible to start drawing upon our pensions. On the positive side, this gives us more opportunity to put money aside and to invest in our retirement years and so become more financially secure. At the same time, it is important that we look after our health and well-being so that we are in a fit and healthy condition to enjoy our retirement years.

So in order to plan effectively for retirement, we need to ask ourselves some critical questions in order to attain a clearer picture of what we consider our retirement years to look like.

the following book offers some interesting insights into planning for your retirement future – Retirement: A New Adventure
Christopher Borman, published 2009

The following publications offer some excellent strategies and tips to help you plan more effectively, in all aspects of your life towards securing the type of retirement that you ideally want;

50 Plus One Tips to Building a Retirement Nest Egg
Linda M. Magoon, Poonum Vasishth, published 2006, 216 pages

Retirement Planning
Ramiro A. Needham

The Everything Retirement Planning Book: A Complete Guide to Managing Your …
Judith R. Harrington, Stanley J. Steinberg, published 2007, 304 pages

With so much to consider, retirement planning can feel a little heavy at times and so to lighten the situation it sometimes helps to add a little humor. So indulge yourself for a few moments with this humorous quiz –

What You Don’t Know about Retirement: A Funny Retirement Quiz
Bill Dodds, published 2010, 132 pages

Also, we tend to consider retirements equally for male and females alike but this is not always the case. The following brief presentation offers a few additional insights from the woman’s perspective when planning retirement –

6 Mistakes Women Make When Planning for <strong>Retirement</strong>6 Mistakes Women Make When Planning for Retirement
from moneygal2020, undefined ago in Business
When preparing for retirement women face challenges that their male counterparts do not. Ladies, what mistakes are you making?

What is clear from all of the above, is that there are many considerations that need to be taken into account when planning our retirement.  Spend the time to invest in thinking through  these important issues so that you can  more effectively plan your retirement for a future which can bring security and happiness.