Retirement, Money + Investing Reads

By in Links, Personal Finance |

Retirement Statistics + Educational Money Reads

Don’t forget that money is a means to an end, not an end itself.  

One of life’s biggest challenges is balancing competing demands. With work, family, leisure are all vying for our attention, it’s tough to figure out how to find time and money to save for the future. As we know, money doesn’t necessarily equal happiness, yet it does solve money problems. One of my tricks to keep things in perspective is to consider what I’m doing today that will matter in the long term. Whenever I ask myself that question, my family relationships rise to the top. After all, who remembers the email you thought was so crucial 2 months ago?

After you stop – just for a moment- to reflect on how you want your life to look today, and tomorrow, we’ll get back to our standard fare: investing and money education.

5 Retirement Statistics {Don’t let this be you}

According to Erika Rawes at Wall Street Cheat Sheet.com, here are some retirement statistics that may surprise you:

1. One third of Americans have no retirement savings. You would think that with all of the available workplace retirement options, most employees would be saving for retirement. So, if you’re saving for retirement, congratulations. If not, get started now.

2.  One third of Americans over age 65 rely on Social Security for their main source of retirement income. 

3. Twenty percent of retirement plan owners, use those funds before retirement. Clearly, if you decide to tap retirement accounts before age 59 1/2, you’ll be subject to a penalty, and you won’t have that money in retirement.

4. Many public pension funds have not returned to their pre recession levels. In fact, during this Governing.com study, many major state pensions are below their 2007-pre recession peak values.

5. Most millennials realize the importance of saving for retirement, in spite of the fact that only about 55 percent are actually putting that knowledge into practice, according to a Wells Fargo study.

Retirement

You Can Retire Sooner Thank You Think by Wes Moss

The Five Years Before You Retirement; Retirement Planning When You Need it Most by Emily Guy Birken

money is only a tool

Money

Your Financial Mistakes Don’t Have to be Forever @ Moneymastermind Podcast

Money Conscious Books @ The Debt Free Guys

The Best 54 Personal Finance Tips of 2014 @ Debt Round up

16 Week end Jobs for Mom’s to do Right Now @ 1099mom

Business on a Budget: My $76 Home Office Makeover @ Careful Cents

The Top 5 Numbers You Need for Financial Success @ Stackingbenamins Podcast

How I Paid Off My Mortgage in less Than 1 Year @ Life and My Finances

How to Indentify and Cut Needless Expenses @ Frugal Rules

3 Simple Steps to Save 50% of Your Income @ Retire by Forty

Young Millionaire Series @ The College Investor

How Much Can Miss Universe Expect to be Worth? @ Go Banking Rates

Investing

How to Invest When Dividends are Expensive @ Arbor Investment Planner

Markets Get Bumpier as Fed Withdraws Safety Net @ Wall Street Journal

4 Ways to Lower Portfolio Risk in a Record Stock Market @ Money Smart Life

The Best 54 Personal Finance Tips of 2014 @ Debt Round up

16 Week end Jobs for Mom’s to do Right Now @ 1099mom

Robo Advisors-A Brave New World @ Chicago Financial Planner

These Bond ETFs Protect Your Money From Inflations Bite @ Marketwatch

Investopedia + U.S. News & World Report Articles by Barbara Friedberg

3 Investing New Years Resolutions to Build Wealth @ U.S. News & World Report 

Investors Can Cut Taxes Through Smart Asset Placement @ U.S. News & World Report

The Best States to Retire for Tax Reasons @ Investopedia

Why Investors Need to Rebalance Their Portfolios @ Investopedia