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Investing in New Zealand - Learn how to Find Unique Investment Opportunities
Copyright 2005 Ofer Shoshani Investing in New Zealand might be much easier than investing in other western countries, thank to the excellent infrastructure, the low taxes and the assistance of the supportive NZ government. Technological Face of...
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Ground Rules for Successful Investing
Up to about 20 years ago, share investing was purely in the domain of the wealthy. For most people it was difficult to trade in overseas stock exchanges, there were no such thing as cash management trusts, installment warrants, exchange traded...
Investing In Tax Foreclosed Properties
Tax Properties
Every property that is owned is assessed property taxes that must be paid every year. Property taxes are paid to local and state governments based on the appraisal value of the real estate. All states, the District of Columbia,...
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Living and investing in New Zealand: An easy process
Copyright 2005 Ofer Shoshani
Living and investing in New Zealand is becoming more and more popular as people are discovering the small but friendly country. They love the varied scenery, mild climate, and many activities. Living in New Zealand...
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Does Your Life Include a RIPE Plan?—Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 1 (Retirement)
Does Your Life Include a RIPE Plan?—Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 1 (Retirement)
by: Janet L. Hall
No matter what your age or years of work, it’s almost never too late to start planning for your retirement. As a matter of fact, the younger you are, the less chance you will have of becoming destitute, or a * bag * person. I’m not trying to be funny, it can happen to you if you don’t watch what you are doing and PLAN for the future.
Ponder for a minute on the questions below:
~~ What kind of life do you want in your * golden years *?
~~ How will you use your retirement time, meaning, what activities, interests, or travel might you want to pursue?
~~ Will you need or want to change your housing and lifestyle completely or do you hope you can * stay where you are, doing the same things you’ve always done *?
~~ If you are planning on living in a different area, what are the standards of living in that area OR what are the chances of the standard of living increasing or decreasing where you are currently living?
~~ How might your health affect your retirement?
~~ Will you need to continue to work part-time after retirement to * make ends meet *? How will that affect your benefits?
~~ Do you want to start your own business, many people do after retirement, and how will that affect your benefits?
~~ What * support * systems do you have or need to have in place?
If a company employs you, you need to FIND OUT:
~~ if they have a retirement plan (benefits), such as a pension or 401(k)
~~ what your TOTAL monthly or lump sum disbursement will be
~~ how much you can contribute
~~ length of service required to be eligible to collect benefits
~~ age required to be eligible to collect benefits
~~ if the plan will meet your needs/lifestyle after retirement
Take the time and schedule an appointment with your employer’s * benefits person * and discuss YOUR retirement plan. Ask them about YOUR Statement Of Accrued Benefits (SAB). This is YOUR personal account and will tell you the benefits you can expect based on your
salary and retirement time.
If you’re self-employed, as many of us are, you need to establish your own retirement plan. The easiest plan is an IRA at which you can only contribute $2,000 yearly. If you’re young (years away from retirement) check out a non-deductible Roth IRA. Other plans include SIMPLE, SEP-IRA, and Keogh Plan. If you want to learn more about these plans, check our Reviews section near the end of the newsletter.
Please don’t think you can live on Social Security (in the USA) alone! If you have no idea what you MIGHT have already accumulated into Social Security, FIND OUT! (Link for SSA in Reviews section)
WARNING and a TIP: Just when you thought you were covered! One thing that can zap you financially is a divorce (I hope this never happens to you) and your pension plan could be one of your largest assets to be DIVIDED up (I’ve seen this happen). SO, if you’re married, I sincerely hope you stay so happily and forever after!
Smiles, not Piles,
Janet L. Hall
Professional Organizer, Author, and Speaker
http://www.overhall.com
"If your current systems aren't working for you...
get an "OverHall"!"
The Organizing Wizard, Janet L. Hall, is a Professional
Organizer, Speaker, and Author. She is the owner of
OverHall Consulting, and Organizing By Phone. Subscribe to
her FREE organizing newsletter at
http://www.overhall.com/newsletter.htm or visit
her web site at http://www.overhall.com
Copyright (c) 2000 by OverHall Consulting
P.O. Box 263, Port Republic, MD 20676
All Rights Reserved. Permission is granted to
reproduce, copy, or distribute OverHall IT! or any articles
by Janet L. Hall so long as article(s) is kept intact, this
copyright notice, and full information about the author is
attached.
About the Author
The Organizing Wizard, Janet L. Hall, is a Professional
Organizer, Speaker, and Author. She is the owner of
OverHall Consulting, and Organizing By Phone. Subscribe to
her FREE organizing newsletter at
http://www.overhall.com/newsletter.htm or visit
her web site at http://www.overhall.com
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