The Perfect Retirement Income System
The Perfect Retirement Income System
How much money will I need to retire is a tough question the closer we get to the end of the "traditional" productive years.
Many authorities say you'll typically need 70 to 85 percent of your working income in retirement. Ouch! How much money will you need to retire? Most if not all of us certainly you reading this article will need more than we currently believe will be there when we need it.
Hi, my name is Russ McKenzie and you and I face similar circumstances. I found the perfect retirement income system. It has four simple parts that ensure we have enough money in what used to be called "retirement". The key - Wealth Affiliate University. You learn quickly how to cover your retirement needs when we don't want to or can't work any longer.
Here are 4 simple ways I found prepare for retirement .
1 Max out your 401(k). Focus savings here. Maximize the employer match. If you are 50, that could be $16,500; and $22,000 after 50.
2 Open an IRA for your spouse. Here the maximum could be up to $10,000 per couple and another $1,000 for each of you over 50.
3 Horde your money - today. Cut expenses, put that money whatever amount away. Cut the cable, reduce the dinners out, change lunch habits anything to cut costs - now.
4 Earn more income today. Work for yourself, open a Simplified Employee Pension IRA. You may be able to save the lesser of up to $49,000 or 25 percent of your compensation.
The retirement accounts are common sense. But increasing the contributions requires more money NOW before retirement right? And how much money do you need to retire?
We have to horde, save, and cut expenses but the key is number 4! Another source of income is the accelerator to the entire plan. I have foundthe perfect bridge between today's earnings and tomorrow's retirement .
Wealth Affiliate takes the skills I already possess and focuses them in a fascinating, exciting new market. Very quickly I learned the skills I need to propel my family into retirement with confidence. I will use these new skills to stay active, earn an income at my pace and maintain a safety valve.
Did you expect to be here five years ago? Will inflation hit our retirement? How can we adjust? Without the right options and training, there are only a couple of solutions: 1) cut back even more, 2) move in with the kids (wow!), 3) go without. Attractive?
Wealth Affiliate focuses the skills we need in retirement. It answers the question how much money do I need to retire with action.
My name is Russ McKenzie. I am over 60 staring retirement (now 70) right in the face. I got the standard college education, have a shakey job, and all the common debt. I found Wealth Affiliate and it has made the difference in my future.
Just click here to learn how to pay for your retirement get a free gift. You have everything to gain - I think even the retirement income you need.
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