Sunday, September 2, 2007

Retirement savings - How to make up for your late start

Many of us North American reaching retirement age have been caught in the rat race of succeeding in our professional activities, raising our children, paying for the best education for our children, maintaining a house, a cottage at the lake, two cars and keeping up to the Jones. We have invested in a pension plan but we have not accumulated an additional interesting amount of available cash for our pension years. Now, we face reality. We are now fifty or worst sixty-four and about to retire from our regular revenue generating occupation or “job”. We have all read that retirement is much more expensive than anticipated, for example just for health, a couple should have saved 225,000$ or more. To maintain the current lifestyle on 35% to 50% of the previous profess View the rest of this article

No comments: