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Personal Finance After 50 For Dummies, 2nd Edition
book

Personal Finance After 50 For Dummies, 2nd Edition

by Eric Tyson, Robert C. Carlson
September 2018
Beginner content levelBeginner
480 pages
10h 40m
English
For Dummies
Content preview from Personal Finance After 50 For Dummies, 2nd Edition

Chapter 3

Developing a Retirement Plan

IN THIS CHAPTER

check Figuring out when to retire

check Determining your financial needs and wants

check Understanding your financial building blocks

check Crunching and tweaking the numbers

check Preparing for the nonfinancial side of retirement

Many folks dream about retiring. No more racing to catch the commuter train or beat the worst of rush hour traffic. Say goodbye to long, endless meetings about topics for which you have little or no interest. Instead you’ll have plenty of free time to do the things you can rarely find the time and energy to do while you’re working. It sure sounds appealing, doesn’t it?

Although many folks dream about retiring, few are preparing. A survey conducted by the Employee Benefit Research Institute regarding Americans’ planning for retirement found that:

  • Only about 64 percent of working adults surveyed are actually saving for retirement.
  • Of those who are saving, 69 percent have a nest egg of less than $50,000.
  • About half of survey participants ...
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Publisher Resources

ISBN: 9781119543633Purchase book