Friday June 27, 2008 - Retirement Realties: Financial Strategies

[0:13] ..." Money plays a really big part in retirement planning. And the more money you have more options you have many it retirees can get by an 80% of their pre retirement income. Many not all so if you play do lots of traveling a plan to retire early be for you Medicare age of 65. You're going to need more than 80% of your pre retirement income and health insurance can eat a big hole in your project. Spent time to figure out exactly what your income is going to be retirement Social Security makes it easy for you he's injured greeting her each year -- you for your birthday. With estimates -- much a benefit will be. But what other sources of income for you can have pensions -- have a pension to -- realize you had go back contract go back and checked him babysitting their percolating on -- seventy dollars a month of that affiliate -- Exactly for one -- think. Had take time to figure out how much it may need to supplement your income with your retirement savings. Consolidate earlier I -- retirement cancel your dollars and one place. He's bookkeeping at a minimum it is truly easy having just"...

[0:13]" Money plays a really big part in retirement planning. And the more money you have more options you have many it retirees can get by an 80% of their pre retirement income. Many not all so if you play do lots of traveling a plan to retire early be for you Medicare age of 65. You're going to need more than 80% of your pre retirement income and health insurance can eat a big hole in your project. Spent time to figure out exactly what your income is going to be retirement Social Security makes it easy for you he's injured greeting her each year -- you for your birthday. With estimates -- much a benefit will be. But what other sources of income for you can have pensions -- have a pension to -- realize you had go back contract go back and checked him babysitting their percolating on -- seventy dollars a month of that affiliate -- Exactly for one -- think. Had take time to figure out how much it may need to supplement your income with your retirement savings. Consolidate earlier I -- retirement cancel your dollars and one place. He's bookkeeping at a minimum it is truly easy having just one account instead of six or seven. What's your investment strategy should go into retirement stocks still need to be part of your portfolio. Certainly bonds CDs and money markets are going to -- role peculiar needs stocks for long term growth. Have enough supplemental income set aside for at least five years that we you can ride the ups and downs of the stock market and not have to sell any of your mutual funds or stocks at a loss and how many emergency fund prudent to go into retirement with cash available there are many unknowns in retirement. How much can do you have there well you know three months for the living expenses and -- just don't know. Your home may be your largest asset do you sell -- and downsizing use the dollars to buy something smaller invest the rest. If you're planning to stay where you argue want to go into retirement debt free no mortgage payments debt free. Critic larger problem for retirees as well according to eat -- More than 60% of households of the 55 plus generation have increased their debt level the biggest. Those over 75."