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Li Shuangxi Beijing Wang Jinchang please study Chinese banking industry overcapacity
Everett Collection
Financial resources in order to secure a comfortable retirement seems linked to real life, $ 50,000 retirement account, which means 65 years of age can only get $ 4,000 a year annuity. According to the Washington nonprofit think tank Employee Benefit Research Institute (Employee Benefit Research Institute, referred to EBRI) latest annual pension survey, two-thirds of retirees pensions even $ 50,000 are not able to save. A lot of people will still go on the day, this is not true. This is because they have a good pension (benefit pension), or have a large part of the home equity, or both. These two parts are not counted within the above survey, and are likely to be very important. But regardless of the value of the enterprise annuity or real estate are no longer then. Moreover, many people simply do not have these. The whole point of view, there stood this unfortunate moving on quotes because of the expansion of the financial history of the largest on the tail. Today's retirees experienced after 1982 that a bull market, whether bonds or stocks, are uniform to go up, the majority of securities should moving on quotes all be in a big moneymaker. But in fact what is their source of livelihood, Santa Claus? People who are still working or not to go, including moving on quotes the approaching retirement of millions of baby boomers. According to the EBRI survey, only one-third of workers deposit of not less than $ 50,000, nearly one-third of people with nothing saved. Over the past year the situation is only getting worse. moving on quotes Four percent of workers are currently no increase in deposits. But if you are still working, at least you can do something to save yourself. If you are faced with these situations, you can how to do? postpone retirement. There are four different reasons. First, you can earn money a few years, which save up to take part. Second, you have more time to deposit the appreciation. Even if the rate of return is only one more than the inflation rate by two percentage points, moving on quotes that is good. Third, you can reduce the need to use deposits to support the length of time of retirement. (Single financially speaking, moving on quotes a lot of retired people facing the greatest danger is that people live to be 100 years old, and their deposits only prepared to 80 years of age.) Fourth, if you delay receiving social security payments (Social Security), every year thereafter you will get more. EBRI survey report good news (good news much, but I'm still trying to find the best) is that a few more Americans realize the need to work more for a long time. According to this latest report, one third of workers are expected to work beyond the age of 65. In 2005, the proportion was only 24% in 1995 is only 14%. reduce retirement expenses. This is a direct way, but it works. "Pension did not think so much" (Retire on Less Than You Think) an author Bullock (Fred Brock) that the constraints that can still live a good life after retirement. He has a suggestion that the move to a lower cost of living place. Saying makes sense. Is a high cost of living in those cities, as long as you live in an area removed from office workers, house prices will fall a lot. If you are ready to move farther away, especially if it went to countryside, you will save more money. From the "Accra Cost of Living Index" (Accra Cost of Living Index) (use a calculator) can be seen live in Austin, Texas, Cincinnati, Ohio, or the cities, the cost of living lower than the coastal cities near I do not know how much. bankruptcy go to heaven. In other words, do not leave any legacy, put your retirement assets into additional living expenses. This can be put into one kind of retirement assets immediate annuity, an income every month until your dying day; using this strategy, students who get nothing moving on quotes at all (you can also leave some things, but You have less income moving on quotes a month). You can also consider doing one kind of reverse mortgage, your interest in the housing into a sort of annuity, or to realize the asset gradually until your 85 years old, while buying a life insurance policy, moving on quotes so that you live to be 85 years of age also be safeguarded. However, before deciding to adopt these options, naturally you should understand some of the problems they will inevitably bring. Reverse mortgage fees are generally very high, immediate annuity moving on quotes will reduce the cost of mobility. But they are regarded with less money to have a better way of life after retirement. save money, save money, and then save money. To save more, spend less only. Very simple truth, right? However, many Americans do not understand even this truth, moving on quotes so many people have to surprise you. Every time I would advise people to spend less and save more, those who live in the fantasy that people always feel terrible. The good news is that the coexistence moving on quotes of money down to get compounded, never late. If you are 50 years old this year, every dollar you save on your 80 years of age will rise to $ 3 (by today's purchasing moving on quotes power). And if every month from a variety of overhead save up to squeeze $ 1, then by the time you will be more than $ 700. tax would help. Americans over age 50 have the opportunity to be more supplementary retirement accounts. You can go to 401 (K) pension plans to deposit $ 22,000, rather than $ 16,500, to individual retirement accounts (Individual Retirement Account) deposits $ 6,000 instead of $ 5,000. In addition, if you are giving yourself a part-time job or income, no matter what age you are available through SEP-IRA a tool able to save more money, the money may be extended taxed. Brett Arends
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