Philips Digital Picture frames are the coolest and most functional gadget I have seen in a while.
If you explore my website, you’ll realize that I don’t do many “Product Reviews”. Other people do a good job at reviews, in general, and I usually don’t see the need. However, now and then, a product will jump out at me that I have to talk about. Philips digital picture frames
Do you know who is your beneficiary on your Roth IRA? I hope so, and I hope you understand who it should be. Some of the most important benefits of a Roth IRA over a standard IRA are the tax benefits to your heirs. If you have not named a beneficiary for your Roth IRA, then the proceeds will likely go into your estate. This will then be paid out of your estate in accordance with the will and the laws in your state. It will likely be settled and paid to the heirs quickly. So that will be the end of the tax free earnings for your heirs.
I usually write about taxes and retirement and such, but the joy of paying taxes only comes if you have a good income. I see so many young people today who are "uncertain" why they are going to college. Here is a list of just a few good reasons to go to college. Some people may also just need some reassurance that college is the right thing to do.
1. All extra education you get after high school, improves the chances that you’ll earn good pay in your life. As it happens, most college graduates earn a significantly higher amount of money than those who don’t go to college. If you are not certain what career to pursue, just jump in to one and keep reading and thinking about what you want to do.
There are many things to think about when planning to retire. You need money to retire, not age. That is one thing, but there are a few that aren’t totally concerned with money. Here is a list of 5 things you need to consider before you decide to retire, and if you should retire early.
1. Health Status
Being diagnosed with a chronic health problem or a debilitating illness should greatly influence your decision as to when to retire. If you are in excellent health, you may decide to retire in order to travel or pursue other interests before any health problems occur. On the other hand, if you have a chronic disease you may want to retire just to "enjoy" some of your remaining time. It can go both ways, a very individual decision.
It takes money to retire. Most of the time , you hear people talking about retirement “age”. Age really has little to do with it. Money is what you need to retire. You may retire right now if you can afford it. But before you think about how much money you will need, there are other things to consider.
If you retire, what are you going to do? Why retire if you don’t have anything to do? It might be that in preparing for your later years, you need to develop a passion for some other things. Some people already know what they will do. Say you have always wanted to donate your time at your church or maybe you already have a hobby that you want to put a lot of time into. That’s great. You’re ready from that aspect. If you don’t know, start discovering it now. I just started to learn how to play golf. At 49, I decided I really wanted to learn, and I am learning. ( Wow, it is so much harder than I thought it would be).
Okay, how much money do you need to retire? I found this quote from over at Thirdage.com, from an article.
“Drew Denning, vice president for the retiree services division at the Principal Financial Group in Des Moines, Iowa, said boomers also need to “make sure your nest egg is at critical mass.”
He noted that studies by the nonprofit Employee Benefit Research Institute in Washington, D.C., and other groups have found that a majority of Americans haven’t saved enough and haven’t tried to estimate retirement expenses.
Denning’s quick formula: Figure that you’ll spend in retirement between 70 percent and 100 percent of what you do before retirement. Subtract your Social Security benefit. Subtract your pension, if you’ve got one. Say the result is that you need an additional $50,000 a year. Multiply that number by 20 to 25, which begins to approximate the number of years you’ll likely live in retirement. In this case, your nest egg needs to be at least $1 million to maintain your lifestyle. “
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