Tag Archives: retirement

Things to Know About Retirement Planning

Although most people will spend at least 20 years retired, many have not planned for retirement. For example, many of those with access to retirement plans through their jobs don’t even contribute. Planning for retirement should involve diverse retirement funding options.

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When you begin your retirement planning Wyckoff NJ, consider your retirement goals. For example, do you plan to travel, will you have outstanding debt and at what age do you plan to retire. Then, consider how long you have to work to fund these goals.

Saving Options

Your employer’s retirement plan, such as a 401(k) or IRA should be used to save for retirement because you receive tax deductions for contributing. Those who are self-employed can contribute to a solo 401(k). In addition, many employers match contributions up to a certain percentage, which gives you free money. If you contribute to an IRA as well, you may receive a tax credit of up to $1,000. Roth IRA contributions are made post-tax, but all your retirement withdrawals, including interest and dividends earned, are tax free.

Plan for Increased Costs

Inflation will have a significant impact on your retirement. Each year, your money is worth less and less, and even a low inflation rate of 3% may have a 25% reduction on your money’s value within 10 years. Your medical expenses may be higher because these costs increase every year, and you may be responsible for paying taxes on your withdrawals. 


After 50 years of age, you should become aware of the rules and deadlines associated with Medicare, Retirement account and Social Security. For example, you can make additional contributions to your 401(k) accounts without tax penalties at the age of 50, and if you stop working at 55, you may be able to draw from your 401(k) accounts without paying early withdrawal penalties and taxes.

You are responsible for your retirement income. Consider creating a detailed, diverse plan that will allow you to live your retired life well.

Best Ideas for a Retirement Gift

Are you interested in some wonderful ideas for retirement gifts that your recipient would surely appreciate? Do you know ways to choose a perfect military retirement gifts from Bronzery.com? If you need some help on finding the best retirement gifts, we are providing you few ideas.

* Consider their interests and life passions

If you are not close to the retiree, you may not know about their interests. What are the activities or sports they enjoy the most? Are they into golfing, cycling, rafting, boating or trekking? Do they enjoy reading, writing, or scrap booking? Do they enjoy food and love cooking? So consider where their interest life and then give them a gift that will somehow help them in pursuing their interest. This is one of the best ideas because this gives them a chance to pursue their interests, which they could not pursue earlier as they were employed.

* Consider fun retirement gifts

Many people face retirement with little bit of apprehension. Aside from getting older, they also fee useless as they won’t be in an active job any longer. If this be the case, you can consider fun retirement gifts, or bronzing baby shoes to more selection here add excitement in their lives. This may help in minimizing any heavy feeling they may have about their retirement.

* Offer something that will help them in adjusting their life after retirement

Let your recipient know that there is indeed an interesting life even after their retirement. The best ways to tell this is to give them a well thought of book on this topic. Give them books that may help them in looking forward to some income generating ideas if they want to generate some income in their retirement days.

* Give then the gifts that they can enjoy!

You can consider giving them gift certificates of their favorite spa or restaurant? How about a free ticket to a concert or a movie? You can also gift a pack of DVD’s that you know they love. Now that they have so much free time at hand, they truly deserve this gift!

As you can see, there are tons of ideas for retirement gifts that your favorite retiree will definitely appreciate. All should try to find is what they enjoy the most and feel about the retirement and you’ll have all the necessary tools for picking up the best retirement gift!

Enjoy retirement

Retirement years for older people should be enjoyable and fruitful as possible. My mom is past her retirement age already, but instead of enjoying her life now she is attending to the children of my sister, who is working abroad. My mom does most of the household chores, too. At her age now, she should be taking care of her own health and should not be rearing young kids. She should be enjoying gardening or sewing. Perhaps she can play sunsout puzzles in her spare time. I hope the time comes when my mom will be able to enjoy her retirement.