Planning Retirement Essay -- essays research papers

People of alone(a) ages should begin planning for retirement and managing their silver strong so they atomic number 18 ensured enough income when they do retire. Retirees foreshadow that concourse leave alone need 71% of their pre-retirement income to maintain their current lifestyles. Stocks and 401(k) plans be recommended.FactsNonretired Americans with folk incomes that average more than $50,000 assumes they wont be able to retire until age 59.More than a third of eater retirees with children and grandchildren atomic number 18 support to raise them financially, as be 29% of all retirees. Also, intimately a quarter of all retirees whose parents are alive are helping them financially.Fully 48% of the affluent who arent retired as well as of all tidy sum surveyed who arent retired believe they have to work breach time in retirement. provided 23% of golden retirees and 16% of all retirees polled are working today.Affluent nonretirees estimate theyll need only 53% of their pre-retirement income to strengthener their retirement lifestyles. But well-off retirees say they actually require fully 71%. Fully 25% of affluent nonretirees think its likely they will run out of capital before they die vs. only 12% of well-off retirees.Affluent retirees single biggest rue is failing to put more notes in tax-deferred retirees said they invested the maximum the law permits, compared with only 48% of the affluent nonretirees polled.Strategies1. Figure out how very much income youll need in retirement. Retirees told us that to support ... Planning Retirement Essay -- essays research papers People of all ages should begin planning for retirement and managing their money well so they are ensured enough income when they do retire. Retirees estimate that people will need 71% of their pre-retirement income to maintain their current lifestyles. Stocks and 401(k) plans are recommended.FactsNonretired Americans with household incomes that averag e more than $50,000 assumes they wont be able to retire until age 59.More than a third of affluent retirees with children and grandchildren are helping to support them financially, as are 29% of all retirees. Also, nearly a quarter of all retirees whose parents are alive are helping them financially.Fully 48% of the affluent who arent retired as well as of all people surveyed who arent retired believe they have to work part time in retirement. Only 23% of well-off retirees and 16% of all retirees polled are working today.Affluent nonretirees estimate theyll need only 53% of their pre-retirement income to support their retirement lifestyles. But well-off retirees say they actually require fully 71%. Fully 25% of affluent nonretirees think its likely they will run out of money before they die vs. only 12% of well-off retirees.Affluent retirees single biggest regret is failing to put more money in tax-deferred retirees said they invested the maximum the law permits, compared with only 48% of the affluent nonretirees polled.Strategies1. Figure out how much income youll need in retirement. Retirees told us that to support ...