Retirement

Retirement is the most important goal for anyone. After all, once you stop working, how will the bills and other expenses be paid? There are many strategies to provide for an income during retirement. The important item is to have a plan. Whether it is buying income producing property, saving money in a retirement account, or living off an inheritance from a rich relative, without a plan, it is hard to know when to retire or continue to work.

Many people ask should they first save for retirement or their children's education? In most cases, your children have many options to fund their college education (including paying their own way). In contrast, the longer you put off saving, the larger the amount of money that needs to be set aside each year to reach your retirement goal. Unless, of course, your plan is to have your children support you during retirment.

Here are some great sites to assist in creating a retirement goal.

Ballpark Estimate
Retirement Readiness
AARP

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