There are numerous analogies floating about concerning what retirement is. For each of us it represents something different. Perhaps it is only a dream, distant and more or less unfathomable. For others, it might seem close and still too far enough away to embrace the concept that one day you might actually do something different. And for Baby Boomers, the path is much clearer, the distance much closer and the journey much easier to define.
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Retirement Planning: A Cooking Lesson
Tagged with: 401ks, contribution to retirement, contributions, cooking lesson, dreaming of retirement, dreams of retirement, early retirement, planning, practice, retirement planning, saving, taxes
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Posted in 401k, bonds, Boomers, ETFs, exchange traded funds, financial impact factor radio, financial planning, index funds, IRA, Mutual Fund Investing, Paul Petillo, personal finance, Profitable Investments, Repercussions: A Retirement Review, Retirement Planning Target 2025, risk
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Retirement Planning: The Time Value of Money
We’ve lost our sense of timing. Not in the genetic sense; we still follow the rhythms of our daily lives. Those patterns are intact. The loss of timing we are experiencing relates to the time value of money. According the economic question, posed in a number of different ways depending on how you might search for the term, asks the reader to answer: would you take X-number of dollars today or wait for a period of time to receive the same amount?See more ›
Posted in 401k, Boomers, commentary, debt, economics, financial impact factor radio, financial planning, index funds, mortgages, Paul Petillo, personal finance, Profitable Investments, Repercussions: A Retirement Review, Retirement Planning Target 2025, risk, taxes