My thanks to Timothy Mobley, who is a managing agent at the Baron Group, and who is a Louisiana licensed professional with over twenty years of experience in a wide range of financial products for this link. Very useful ideas for planning, a very good site for my American friends but useful for the rest of us as well.
One tool that I found particularly valuable is the Taking the Mystery Out of Retirement Planning tool. It doesn't only discuss the issues most Americans are faced with when planning for retirement but it has some concrete, useful worksheets.
It's not going to be your parents' retirement - rewarded at 65 with a gold watch, a guaranteed pension, and health insurance for life. For many Americans, retiring in this new century is a mystery. Earlier generations of workers could rely on employer-provided pensions, but now many workers will need to rely on their own work-related and personal savings plus Social Security benefits. These savings have to last longer because Americans are living longer, often into their eighties and nineties.
If you are one of those people who want to plan - and are about 10 to 15 years from the day you retire - this booklet is for you. Today's (and tomorrow's) retirees may well have a new kind of retirement. With a longer and healthier life span, bikes, boats, planes, and RVs may be part of your life, because you are more likely than previous generations to be an active older American.
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