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Retirement

Retirement

Retirement is entirely personal, as the strategies that each of the Dent Research editors share in Economy and Markets. From Harry to Adam, and Rodney, John and Lance, they each approach their retirement planning a little differently, as we all do, depending on our needs and wants.

But their stories all share one common thread: the importance of generating income. Cash in your pocket. It’s essential to achieving your retirement goals – be it that trip you’ve always wanted to take or simply having the ability to spend as much time with family and friends as you want. Yet creating reliable and consistent income streams can be tough, and fleeting, especially as we age, and the markets ebb and flow.

Luckily, our go-to retirement expert, Charles Sizemore, has a proven, effective solution to consistently generate cash – no matter if you’re in retirement, close to it, or just thinking or dreaming about it. In Economy and Markets, he and the rest of the Dent Research team explain how and why it’s so important to unlock your income potential, and show you the path for doing it.

Many of us are finding themselves in the same situation: getting close enough to smell retirement but not on track to retire comfortably when we thought we might have.
How much do we need to retire? Probably a lot more than what we have! According to the September 2014 issue of Federal Reserve Bulletin, the average American is well shy of having saved enough for retirement.

Under 50% of all American families have a retirement account and the median value of those who have retirement accounts is under $60,000.

You’re probably thinking that many of those families are young and haven’t started saving yet. Well, of those families where the head of the house is aged between 55 and 64 (or those who are very near retirement age), only 59% have a retirement account! In that age group, the median value of the account is just over $100,000.

So, over 40% of those heads of families that are within 10 years of retirement don’t have any sort of retirement savings and will rely solely on Social Security. And more than half of those that have a retirement account have less than $100,000 saved!

The reason we’re focused on that age group is to highlight the trouble America is in since our Social Security program is already in serious trouble. Stats are just stats until you see yourself in them – that’s when the abstract starts to look a lot more real.

Many of us may feel we’re behind where we should be for a comfortable retirement, but bringing a bigger sense of focus to retirement planning, can get us closer, faster.

Aside from maxing our 401(k)s, many of us are searching for ways to generate income and cash flow, as retirement approaches. The editors at Economy and Markets deliver unique insight into new income and profit opportunities to provide more peace of mind about heading into those golden years.

Let’s Stiff the Government Together

I’m downright fanatical about lowering my tax bill. In my youth, I would quite literally skip meals so I could scrounge up the cash to max out my 401(k) plan with pre-tax dollars at work. And even when I didn’t...

How to Stretch Your Retirement Dollars

One thing I’ve enjoyed over my many years is overseas travel. I’ve been able to satisfy my attraction to very different foreign cultures. At the same time, I’ve taken advantage of the affordability of life in multiple paradises, from Phuket...

Here’s to Last-Minute Tax Moves

It’s almost tax filing deadline day. Pop the balloons and streamers, right? But, really, it’s almost here. The federal income tax filing deadline this year is less than two weeks away, on Tuesday, April 18. Why am I bringing this up? One,...

Wasting Away Again in Margaritaville

I grew up around the Gulf Coast and spent a fair amount of my childhood on the water and the beach. I can handle a power boat, I can sail, and I know what to do in riptides. I also...
Unretirement is Unrealistic for Boomers and the Next Generation

Why Income Matters

If you’ve read my work for a while, you know that I have a lot of respect for my grandfather. He’s actually the reason I got into the financial world. He wasn’t a stockbroker or a portfolio manager. In fact,...

How My Friend Retired at Age 40

I very rarely smoke cigars anymore, but one of the benefits – I would go so far as to call it a health benefit – is that smoking a cigar forces you to sit still and relax for a...
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A Four-Step Retirement Plan

Ahhhh retirement! Most of us would love to be on a beach somewhere right now sipping a frothy Bahama Mama. But very few of us want to put in the right kind of effort to get us there. Retirement...
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Retirement Worries

Sometimes I like to joke that I plan for my retirement every Wednesday and Saturday… as that’s when they draw numbers for the Power Ball lottery. But hey, as I’m writing, it’s fast approaching a half of a billion...

Flipping the Most Common Question in Retirement Planning On Its Head

The most common question I see in retirement planning is: What size nest egg do you need to quit working? Or, what’s your retirement “number?” It sounds like a reasonable and straightforward question. The problem is, it’s completely useless. Like so many...

Stockpiling Wood

I remember distinctly the moment when “retirement planning” took on a personal meaning to me. I was kayaking with my wife along the Myakka River, which runs some 60 miles through the “Old Florida” prairies and wetlands of central Florida,...

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