The Complete Retirement Planner Blog

How Much Credit Card Debt Is Really Costing You

When it comes time to assess your financial health nothing is more important than seeing an itemized monthly budget in black and white - every single item you spend money on - and what % of your income it represents. Seeing it all on one page makes it real, undeniable, and inescapable. You have to deal with it, and that's a good thing. You can't make intelligent decisions until you have the cold hard facts in hand and one of the most important budget items to examine is debt. Debt is a serious threat to your financial security because it...

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Why Using An Average Investment Return Rate May Be Risky

Every financial plan will require you to enter an investment rate of return for retirement savings. This is a critical piece of the retirement plan puzzle since it is a determining factor in how long your savings will last. It should not be glossed over. Calculators and less than robust planning tools only allow one entry for an investment return rate, and this is another reason why their results are skewed. But if you have access to a planning tool that allows for annual entries rather than a single average, take advantage of it. Because there is no way to...

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Retirement Planning - Before The Numbers

When planning for retirement, the first question on everyone's mind is, "how much money will be needed to fund a comfortable retirement?". That makes sense, but just coming up with a number isn't enough. How you arrive at that number is every bit as important, if not more important, than the number itself. With the many moving parts of a financial plan, most involving predictions of what is likely to occur in the future, being realistic and conservative with your forecasts ultimately determines how reliable your results will be. As you start developing your plan keep these considerations in mind:...

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Keep Working or Retire? Don't Decide, Do Both.

There are distinct advantages to continuing to work as long as you can - or at least as long as you can stand to. A dependable income is the most obvious, but the workplace can also offer a sense of self worth and a social aspect that should not be taken for granted. After decades of work, you can't help but to make a lot of personal and professional connections that become important to you. On the other hand, even if you've built a nice working life for yourself (or, especially if it all hasn't worked out just the way...

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Retirement Savings Benchmarks - Even The Pro's Don't Agree

The magic question about saving for retirement revolves around how much you will really need to save to have your money last for at least 25 years (assuming you retire at age 65). Of course, creating a comprehensive financial plan will help to answer this question with the most detail and reliability, but many people also look for a quick guide to at least get the conversation started. Every day you can find any number of articles about saving for retirement (even though 99% of them are just regurgitated versions of what has been written a thousand times before) that...

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