retirementplanning - Updated 01/08/2007 Retirement Planning...

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Updated 01/08/2007 Retirement Planning Basics http://www.investopedia.com/university/retirement/default.asp Thanks very much for downloading the printable version of this tutorial. As always, we welcome any feedback or suggestions. http://www.investopedia.com/contact.aspx Table of Contents 1) Retirement Planning: Introduction 2) Retirement Planning: Why Plan For Retirement? 3) Retirement Planning: How Much Will I Need? 4) Retirement Planning: Where Will My Money Come From? 5) Retirement Planning: Investments For Building A Nest Egg 6) Retirement Planning: Tax Implications And Compounding 7) Retirement Planning: Asset Allocation And Diversification 8) Retirement Planning: Troubleshooting And Playing Catch-Up 9) Retirement Planning: Conclusion Introduction Retirement is one of the most important life events many of us will ever experience. From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence. Even once it is reached, managing your retirement is an ongoing responsibility that carries well into one's golden years. While all of us would like to retire comfortably, the complexity and time required in building a successful retirement plan can make the whole process seem nothing short of daunting. However, it can often be done with fewer headaches (and financial pain) than you might think - all it takes is a little homework, an attainable savings and investment plan, and a long-term commitment. In this tutorial, we'll break down the process needed to plan, implement, execute and ultimately enjoy a comfortable retirement. Why Plan For Retirement? (Page 1 of 24) Copyright © 2006, Investopedia.com - All rights reserved.
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Investopedia.com – the resource for investing and personal finance education. Before we begin discussing how to plan a successful retirement, we need to understand why we need to take our retirement into our own hands in the first place. This may seem like a trivial question, but you might be surprised to learn that the key components of retirement planning run contrary to popular belief about the best way to save for the future. Further, proper implementation of those key components is essential in guaranteeing a financially secure retirement. This involves looking at each possible source of retirement income. Uncertainty of Social Security and Pension Benefits First off, we need to be up front about the prospects of government-sponsored retirement - they're not very good. As we all know, the developed world's populations are continuing to age, with fewer and fewer working-age people remaining to contribute to social security systems. For instance, consider that according to a 2005 study by Stephen C. Goss, chief
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retirementplanning - Updated 01/08/2007 Retirement Planning...

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