Therefore,your withdrawal rate is extremely importantbecause it will define how much you need to accumulate and how much you will live on. Nevertheless, you should not stress too much about it at this point. This is a variable that can be changed several times before retirement. I have alrea...
A pension is a long-term investment. We look at how you can look after your pension during times of uncertainty, and keep saving for your future. What exactly is inflation? The inflation rate tells you how much prices increase over a time. It’s usually given as a percentage, describing ...
How much is enough? That depends on your lifestyle and expenses, potential medical bills and the kind of support you’ll have from, say, a pension plan andSocial Security. But as you review your savings goals, be careful not to set the bar too low, thinking you’ll spend less in reti...
The integration of the state pension system into the government accounts gave the central government access to a large amount of savings, much of which was stored in government bonds. The government used some of this fund to pay off part of the national debt. It also sold off state-owned ...
The key is to take action.How much do you need to save for retirement? It's one of the most common questions people have. And no wonder. There are so many imponderables: When will you retire? How much will you spend in retirement? And for how long? That's why we did extensive ...
Add pension contributions and employer matches if pensions are a factor in your plan. Gross them up to account for tax relief. Don’t add investment income and gains. These are accounted for in the return assumptions that follow. The number you’re left with is how much you should be savi...
Figure out if it’s too noisy—does the local church set off fireworks every morning? Is the beach town too much of party spot? Is the quaint mountain village you dreamed of actually too sleepy? Is there enough of an expat population?
The income you earn during your working years is a major factor in calculating your Social Security benefits. See how much of a monthly benefit you could receive.
By planning your withdrawal allowance, you eliminate the need toliquidatea large sum of assets at fire-sale prices simply to pay the bills. Retirees' mistakes often come from taking out too much of their retirement assets early on andpanicking when the markets are struggling. Make sure you hav...
Public employee pension plans tend to be more generous than private ones. Whereas many pensions use 1% in their formulas, the nation’s largest pension plan, the California Public Employees’ Retirement System (CalPERS), pays 2% in many instances.2In that case, if an employee had 35 years o...