Tuesday, July 24, 2012

Gossiping about: When will YOU retire? Infographic

I am not a financial expert but I have worked with people that gossiped about their retirement options.  I cannot tell you how many times I was asked, "When will you retire?" Then they would want to know what I had heard about the company retirement plan...like I actually knew!  

Here is what I think; they should have asked someone that has the correct answers. I could not help them with their retirement plan.

I received the Infographic from Lemon.com the other day.  Kelsey sends these to me once in a while. This is what she said:
From:  Kelsey Cox 

Hey Barbara, 

Hope you had a great weekend. I wanted to send along another graphic I thought your Retire in Style readers would be interested in. The graphic, based on Gallup's Economy and Personal Finance poll, examines when today's workforce plans to retire, and some tips to ensure a comfortable retirement. 

Take a look and let me know what you think. Thanks Barbara!

Infographic: When Will You Retire?

 I liked the final four items on Inforgraphic.  This is such good common sense stuff.
From Lemon.com: http://lemon.com/blog/infographic-2/when-will-you-retire/
  1. Know your numbers. Retirement planning calculators can tell you what you should be saving.
  2. Max out your IRA/401(k) contributions.
  3. Automate your savings.
  4. Learn about your employer's pension plan.
  5. Don't overestimate Social Security. This plan will give you, at best, 40% of your pre-retirement income.
But I want you to focus on #4Learn about your employer's pension plan. Do you gossip around the water cooler or in the coffee room about retirement? When was the last time you hear people talking about their savings or IRA/401k contributions and thought "I really should be doing more"? 

Listen to me now...talk to your human resources person and get some more information about your company plan. They may even guide you to another person that can give you some advice about the rest of the plan. Really, the people in the coffee room are not experts even if you are working for a company that deals in that sort of thing. Your local gossip is not a good person to go to when looking for your retirement plan!

Click on the link and look at the whole page.  

Have a wonderful day!

    If this information is helpful beam me up to twitter.com.


  1. I think depending on your 401k alone is a bad, bad idea especially in this economy. To become financially free on your retirement, you must invest and as much as possible, aim to have a residual, passive income which you can use to save up for your retirement. Using your 401k for this is a good start.

    More on retirement and investments at howtoretireplan.com.

  2. Thank you for your input Charles.


  3. Even conventional financial commitment consultants are suggesting that property owners re-finance their present financial loans. If you took out a loan at a high amount several years ago, re-financing will get you a low cost. How to Retire Plan


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