Planning for retirement can be exciting and yet a bit overwhelming. Many people wonder, when they enter their senior years, if they will have enough money on which to live, if they will need to continue to work into later years, and what they will do once they are retired.
The best solution to the stress of facing the unknown is education, and so here are resources from the Internet, books, and the American government to help.
Good Retirement Articles for Seniors Online
- Money for Life - Retirement Planner 2007 by Jane Bryant Quinn (AARP Bulletin Online. October 2007)
- Mortgages and Retirement by Bruce Fenton (Fenton Report, Wealth Management Magazine, July 31, 2006)
- Planning for Retirement - A Woman's Guide by Bonny Albo (Suite101, July 2007)
How to Save a Million Dollars by Age 65 for Senior Citizen Retirement
- See money expert Clark Howard's Retirement Savings Chart to see how much one must save each year at what age to become a millionaire by age 65.
Senior Retirement Information from the Social Security Administration
According to the Social Security Administration, "The three major elements of your retirement portfolio are benefits from pensions, savings and investments, and Social Security benefits."
Yet, many people are not solidly aware of what to expect when they retire. The SSA site has help for seniors or others planning for retirement.
Read the How Should I Prepare for Retirement information on the SSA site, which has helpful tools and covers the following information:
- The SSA's Retirement Planner will help with planning by explaining how to qualify for and calculate Social Security retirement benefits.
- To find out one's full retirement age, use the Retirement Age Chart.
- Note: Find out on this site why one should apply for retirement benefits three months before needing benefits to begin.
- Also, one should sign-up for Medicare three months before their 65th birthday.
Highly Rated Retirement Issues Books
- Retirement Straight Talk: Stories and Wisdom from Educators by Donald R. Draayer (Rowman & Littlefield Publishers, Inc., October 2003
- How to Retire Happy, Wild and Free : Retirement Wisdom That You Won't Get from Your Financial Advisor by Ernie J. Zelinski (Publisher: Ten Speed Press, March 2004)
- The New Retirement: The Ultimate Guide to the Rest of Your Life by Jan Cullinane, Cathy Fitzgerald (Publisher: Rodale Press, Inc., July 2004)
- The Joy of Not Working by Ernie J. Zelinski (Publisher: Ten Speed Press, Jan. 2003)
- Looking Forward: An Optimist's Guide to Retirement by Ellen Freudenheim, Stephen Quinlan (Illustrator)(Publisher: Abrams,Harry N Inc., Sept. 2004)
- Your Complete Retirement Planning Road Map: The Leave-Nothing-to-Chance. Worry-Free, All-Systems-Go Guide to Preserving and Protecting Your Retirement by Ed Slott (Random House Publishing Group, December 2006)
Best Quotes For A Retirement Speech
- The trouble with retirement is that you never get a day off. ~Abe Lemons
- When a man retires and time is no longer a matter of urgent importance, his colleagues generally present him with a watch. ~R.C. Sherriff
- When a man retires, his wife gets twice the husband but only half the income. ~Chi Chi Rodriguez
- Retirement: It's nice to get out of the rat race, but you have to learn to get along with less cheese. ~Gene Perret
- There's never enough time to do all the nothing you want. ~Bill Watterson, Calvin and Hobbes
- Retirement has been a discovery of beauty for me. I never had the time before to notice the beauty of my grandkids, my wife, the tree outside my very own front door. And, the beauty of time itself. ~Hartman Jule
Another article of interest may be: A Seniors Reverse Mortgage Primer.
Resources:
Book Ratings thanks to Amazon.com Customers
Quotes thanks to The Quote Garden website
ClarkHoward.com
Janienne Jennrich - Janienne Jennrich, Topic Editor for Kids & Teen Parties and for Hair, is an award-winning freelance writer & webmaster.
