Comments on: Saving for Retirement http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/ Tue, 07 Feb 2012 05:51:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Save Some of Each Raise at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-5344 Save Some of Each Raise at Curious Cat Investing and Economics Blog Sun, 07 Nov 2010 13:07:31 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-5344 [...] money you don’t have (taking on personal debt) and not even having emergency savings and retirement savings lead to failed financial futures. Even though those in the USA today are among the richest people [...] [...] money you don’t have (taking on personal debt) and not even having emergency savings and retirement savings lead to failed financial futures. Even though those in the USA today are among the richest people [...]

]]> By: Avoiding the Vicious Cycle of Credit Problems at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-4988 Avoiding the Vicious Cycle of Credit Problems at Curious Cat Investing and Economics Blog Sun, 11 Apr 2010 13:17:46 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-4988 [...] we just acted more responsibly when times were good we would have plenty of room to absorb a temporary financial hit without the negative cycle [...] [...] we just acted more responsibly when times were good we would have plenty of room to absorb a temporary financial hit without the negative cycle [...]

]]> By: How Much Will I Need to Save for Retirement? at Curious Cat Investing http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-3948 How Much Will I Need to Save for Retirement? at Curious Cat Investing Sat, 03 Jan 2009 20:59:59 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-3948 I agree it is very important for people to become financially literate and take the time to understand their retirement plans... I agree it is very important for people to become financially literate and take the time to understand their retirement plans…

]]> By: Many Retirees Face Prospect of Outliving Savings at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-3412 Many Retirees Face Prospect of Outliving Savings at Curious Cat Investing and Economics Blog Sun, 13 Jul 2008 16:49:30 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-3412 The most important thing is to start saving early and don't stop and don't withdraw any early. If you can't afford to put in as much as you should then put in what you can, and increase it as soon as you can... The most important thing is to start saving early and don’t stop and don’t withdraw any early. If you can’t afford to put in as much as you should then put in what you can, and increase it as soon as you can…

]]> By: Personal Finance Basics: Health Insurance at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-3263 Personal Finance Basics: Health Insurance at Curious Cat Investing and Economics Blog Mon, 21 Apr 2008 20:07:39 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-3263 Much of personal finance is not amazingly complex once you take some time to lay out the basics.... Much of personal finance is not amazingly complex once you take some time to lay out the basics….

]]> By: CuriousCat: What Should You Do With Your Government “Stimulus” Check? http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-3239 CuriousCat: What Should You Do With Your Government “Stimulus” Check? Tue, 08 Apr 2008 20:47:00 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-3239 most people should pay down debt or save it... most people should pay down debt or save it…

]]> By: Starting Retirement Account Allocations for Someone Under 40 at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-2489 Starting Retirement Account Allocations for Someone Under 40 at Curious Cat Investing and Economics Blog Thu, 07 Feb 2008 12:04:31 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-2489 [...] of the most important financial moves you can make is to start investing for your retirement early. This post is directed at those in the USA (but you can adjust the ideas for your particular [...] [...] of the most important financial moves you can make is to start investing for your retirement early. This post is directed at those in the USA (but you can adjust the ideas for your particular [...]

]]> By: Cynthia Barnett http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-1943 Cynthia Barnett Wed, 30 Jan 2008 21:44:22 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-1943 These are important and helpful observations for anyone who is thinking about saving for retirement. I think, however, there is another factor making people reluctant to save or “invest” for retirement that goes well beyond such concerns as the stability of the markets, the willingness to save, and the unwillingness to sacrifice now in order to live better later. I think the real underlying issue is that people are not able to envision their retirement. The frequently ignored stepchild of retirement planning is envisioning one’s retirement and planning for a retirement lifestyle. If one cannot envision something, it is difficult to make a commitment to making sacrifices (even small ones, like a cup of Starbucks coffee) and saving or investing proactively. In our society, we are taught to plan carefully for a career and for marriage and even for having children. We plan, we prepare, we study, and we work at achieving the goals we set. Millions of people have a career plan, many have a family plan, and many have a life plan. The challenge is that most people stop planning for life beyond the age of 50. Our society has become so youth-oriented that we tend to want to ignore the retirement years. The baby boomer generation is beginning to teach us that life after retirement will not be what it was for our parents. This generation will not go quietly into old age homes and quietly wait to die. This generation wants more from life in retirement. Retirement lifestyle planning is, I believe, the essential first step in retirement financial planning. Again and again, in my coaching practice, I see retirees and people approaching retirement suddenly realizing that they can look forward to another 20 – 40 years of life. Once they begin to envision what their life can be after retirement, they can begin to plan financially to ensure the resources to support the lifestyle they want. The greatest challenge of retirement lifestyle planning is that people wait too long to do it. As this article points out, financial planning must begin earlier in life. Envisioning retirement and one’s lifestyle after retirement also should be happening earlier. People who want to think about retirement lifestyle planning as the basis for retirement financial planning can find a wealth of resources on <a rel="nofollow" href="http://fireupretirement.com/">fireupretirement.com</a> These are important and helpful observations for anyone who is thinking about saving for retirement. I think, however, there is another factor making people reluctant to save or “invest” for retirement that goes well beyond such concerns as the stability of the markets, the willingness to save, and the unwillingness to sacrifice now in order to live better later. I think the real underlying issue is that people are not able to envision their retirement. The frequently ignored stepchild of retirement planning is envisioning one’s retirement and planning for a retirement lifestyle. If one cannot envision something, it is difficult to make a commitment to making sacrifices (even small ones, like a cup of Starbucks coffee) and saving or investing proactively.

In our society, we are taught to plan carefully for a career and for marriage and even for having children. We plan, we prepare, we study, and we work at achieving the goals we set. Millions of people have a career plan, many have a family plan, and many have a life plan. The challenge is that most people stop planning for life beyond the age of 50. Our society has become so youth-oriented that we tend to want to ignore the retirement years. The baby boomer generation is beginning to teach us that life after retirement will not be what it was for our parents. This generation will not go quietly into old age homes and quietly wait to die. This generation wants more from life in retirement.

Retirement lifestyle planning is, I believe, the essential first step in retirement financial planning. Again and again, in my coaching practice, I see retirees and people approaching retirement suddenly realizing that they can look forward to another 20 – 40 years of life. Once they begin to envision what their life can be after retirement, they can begin to plan financially to ensure the resources to support the lifestyle they want. The greatest challenge of retirement lifestyle planning is that people wait too long to do it. As this article points out, financial planning must begin earlier in life. Envisioning retirement and one’s lifestyle after retirement also should be happening earlier.

People who want to think about retirement lifestyle planning as the basis for retirement financial planning can find a wealth of resources on fireupretirement.com

]]> By: Politicians Again Raising Taxes On Your Children at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-1728 Politicians Again Raising Taxes On Your Children at Curious Cat Investing and Economics Blog Mon, 21 Jan 2008 14:11:32 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-1728 [...] It is a sad state of affairs. The country chooses not to sent aside funds for obvious future needs. Then instead of accepting the hole they have dug for themselves decides to tax their children even more to continue the spendthrift ways. I think we not only need to have politicians actually read the bills before they vote (they refuse to pass such a law) they need to read about the ant and the grasshopper. [...] [...] It is a sad state of affairs. The country chooses not to sent aside funds for obvious future needs. Then instead of accepting the hole they have dug for themselves decides to tax their children even more to continue the spendthrift ways. I think we not only need to have politicians actually read the bills before they vote (they refuse to pass such a law) they need to read about the ant and the grasshopper. [...]

]]> By: Frontline Explores Kiva in Uganda at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2006/03/05/saving-for-retirement/comment-page-1/#comment-1210 Frontline Explores Kiva in Uganda at Curious Cat Investing and Economics Blog Sun, 18 Nov 2007 17:08:44 +0000 http://investing.curiouscatblog.net/2006/10/07/saving-for-retirement/#comment-1210 [...] Frontline World traveled to Uganda to explore the impact of microfinance and provide some great details on how Kiva is bringing economic opportunity to entrepreneurs. The site includes details and a nice webcast. It is great to see how people can connect directly using Kiva. And it is great to see how people can take small loans and some effort and financial literacy to make a living for themselves. The effort of these entrepreneurs to manage their finances would benefit many people in the rich world plan for retirement… [...] [...] Frontline World traveled to Uganda to explore the impact of microfinance and provide some great details on how Kiva is bringing economic opportunity to entrepreneurs. The site includes details and a nice webcast. It is great to see how people can connect directly using Kiva. And it is great to see how people can take small loans and some effort and financial literacy to make a living for themselves. The effort of these entrepreneurs to manage their finances would benefit many people in the rich world plan for retirement… [...]

]]>