Retirement

MoneyWatch for October 2009
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Have you been getting that itch to go on the vacation of your dreams or spend more time with your family, but want to do it all without the headache of going back to work on Monday morning? Well this sounds like the symptoms of retirement. Even though it can be hard to figure out where to start and whether or not you will be financially ready for it, you are not alone. Only 43% of Americans have figured out how much they should save in order to have a comfortable retirement. If you are apart of the other 57% of Americans that need some assistance on retirement, try they 10 tips to help you on your retirement journey:

1. Know Your Retirement Needs
2. Find Out About Your Social Security Benefits
3. Learn About Your Employer’s Pension Or Profit Sharing Plan
4. Contribute To A Tax-Sheltered Savings Plan
5. Ask Your Employer To Start A Plan
6. Put Your Money Into An Individual Retirement Account
7. Don’t Touch Your Savings
8. Start Now, Set Goals, And Stick To Them
9. Consider Basic Investment Principles
10. Ask Questions

For more information on these and other tips for retirement preparation visit

Unites States Department of Labor: Top 10 Ways to Prepare for Retirement

RETIREMENT TIPS: About the Basics of Retirement

Money Instructor: Retirement Planning Tips

Military Money: Top Ten Retirement Tips For Women (And Men Too!)

InsuranceNewsNet: Ten Major Retirement Risks, And Tips On How To Manage Them

(Statistics Provided by United States Department of Labor)

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Research assistance for MoneyWatch is from Cleveland State University Nance College of Business Administration. Information on the Nance MBD program is available here.