20 Tips for a Successful Retirement

Twenty Tips for a Successful Retirement

Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension, oneill@aesop.rutgers.edu

 

couple

Retirement planning today is very different than it was 30 or 40 years ago. It is truly not your father’s (or mother’s) retirement. In fact, many people don’t even relate to the word “retirement.” Phrases like “second act,” “third age,” and “refirement” have been used to describe the stage of later life where people transition from full-time work to other pursuits. Some people have even stated …

Monte Carlo Analysis in Retirement Planning: Will I Run Out of Money?

Monte Carlo Analysis in Retirement Planning: Will I Run Out of Money?

Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension, oneill@aesop.rutgers.edu

“Monte Carlo analysis.” The words make you think of a European gambling mecca, don’t they? It fact, where retirement planning is concerned, Monte Carlo analysis is actually somewhat related to gambling. It is a technique used to reduce the gamble that many people take when they decide to retire and live off of their savings. In other words, Monte Carlo …

Making the Right Move in Retirement: Where Will You Live?

Making the Right Move in Retirement: Where Will You Live?

Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension, oneill@aesop.rutgers.edu

 

family

Finding affordable, comfortable, and safe housing in later life is an important component of the retirement planning process. Along with health care, housing costs (especially property taxes) are often among the most expensive parts of a retired person’s budget. Are you planning to “age in place” and continue to live in your current home and/or community or do you want to move …

Retirement Estimator for Farm Families

Whether you are thinking of retiring gradually or about taking the big step all at once, you may wonder whether you can afford to retire. The Retirement estimator for farm families can help guide through that decision making process.

This tool evaluates your financial readiness for retirement.

 

 

farm family

 

 

Goto: Retirement Estimator

Content Developed By: Sharon DeVaney, Janet Bechman, and George Patrick.
Web Development by Agriculture Information Systems, Purdue University.
Purdue University is an equal access/equal opportunity institution.…

Financial Security: Retirement Planning

retired couple

Planning for retirement is a challenge for everyone. Again, the earlier you begin, the longer you will have to accumulate funds and capitalize on compound interest. A plan designed to meet specific retirement goals may be separate from or part of the investment building block.

Some people have given a great deal of thought to retirement, but others have not. Less than half (42%) of working Americans have made a retirement savings calculation, according to the 2006 Retirement Confidence Survey, …