The key to a happy retirement is to have
enough money to live on, but not enough to worry about.
- Unknown Wise Person
Research has shown that nearly half of all workers in the United States have less than
$25,000 in total savings. Even more startling is the fact that slightly more than one in five workers say they have
no savings of any kind.
Fact is, over 90 percent of people can save more money if they put their minds to it by
adhering to money saving tips and
principles. Almost everyone, from people earning just above the poverty line to people
with upper six-figure salaries, spends 50 to 75 percent more than they need to on their daily
Reasons Why You Should Be Saving Cash for
- Because you don’t want to work forever, and you will ultimately be responsible for paying for your
- Because you want to have enough money saved for a comfortable retirement.
- Because you don’t know how long you will be able to work.
- Because you don’t know how long you will live.
Over three-quarters (76%) of non-retired adults are worried that they may not have enough money to live on
In the pre Great Recession era, 69% of boomers said they were worried about how inflation would erode
their purchasing power during retirement
In 2006 Gallup identified the top 10 sources of retirement income
available to Americans.
1. 401(K) & other retirement savings accounts
2. Home equity
3. Pension plans
4. Social security
5. Bank accounts and certificates of deposit
6. Stocks and mutuals funds
7. Retirement jobs
8. Annuities or insurance plans
10. Rent and royalties
Retirement Income Resources
1. Retirement Income Calculator: Take
an edcuated guess at how much money you will have to spend in retirement by estimating your retirement
benefits at this U.S. Government website.
2. Fiscal Fitness for Older
Americans: Stretching Your Savings and Shaping Up Your Financial Strategies.
Advice from The Federal Deposit Insurance Corporation which has been publishing FDIC Consumer News
quarterly since 1993 to help people protect and stretch their money.
3. National Save for Retirement Week: National Save for Retirement Week is a
key event employers use to inspire their employees to save more for retirement.
4. Retirement Saving
Tips: From the Choose to Save Website.
5. Saving for Retirement on the
Retirement Cafe: How to save for retirement so that your retirement income is adequate to enjoy a
Income for Unconventional Retirees: This webpage on The Joy of Being Retired Website
is for retirees who are motivated and creative enough to generate income in unconventional ways such as
7. How Much Do I Need to
Retire: Conventional wisdom in the financial industry says that people need about 80
percent of their pre-retirement income to be comfortable after retiring. Some financial advisors are now
raising this to 90 percent, even 110 percent of pre-retirement income. Columnist Scott Burns of the
Dallas Star has been saying for years that the 80 percent figure is idiotic. So have I!
Retirement Job Resources
1. Retirement Jobs and Retirement Businesses at
The Real Success Resource Center: For Retirees who want to retire to a job they love instead of
one they love to hate! Top-10 Retirement Jobs. Top-15 Cool Retirement Jobs. Also retirement business
2. Retirement Job and Retirement Business
Resources at The Retirement Cafe: Retirement
Jobs and Retirement Businesses for Retirees Too Bored with Being Retired
3. Best Retirement Jobs on Squidoo: Looking for interesting
and rewarding work opportunities after retirement but aren't sure what to look for? This webpage provides
some resources that can help.
4. Unreal Retirement Jobs and Dream
Retirement Careers on the UnrealJob.com Website: Unreal
Retirement Jobs and Dream Retirement Careers: Approaching retirement and not sure if you want to quit
working? Check out these retirement job resources loaded with opportunities perfect for the skills and
maturity you can provide!
Quotes about Retirement, Sayings about
Retirement, and Money Quotes
A major dilemma: life is short — and so is money.
— from How to
Retire Happy, Wild, and Free
Retirement can be a great joy if you can figure out how to spend time without
— Author Unknown
You can be young without money but you can't be old
— Tennessee Williams
All right, let's not panic. I'll make the money by selling one of my livers. I can
by with one.
— Homer Simpson
It doesn't matter if you're rich or poor, as long as
you've got money.
— Joe E. Lewis
What good is freedom if you've not got the money for
— Lillian Hellman
I advise you to go on living solely to enrage those who are paying your annuities.
It is the only pleasure I have left.
— Voltaire (in retirement)
I don't believe the federal government should be
involved in retirement. I think it's too important to leave it to the government.
— Peter Schiff, who forecast the U.S. housing bust and the U.S.credit
By the time I have money to burn, my fire will have burnt
— Author Unknown
The question isn't at what age I want to retire, it's
at what income.
— George Foreman
For the loot, honey, for the loot.
— Ava Gardner, (On why she came out of retirement to appear on a prime time soap opera.)
An open mind collects more riches than an open purse.
— Will Henry
No man is rich whose expenditure exceeds his means; and
no one is poor whose incomings exceed his outgoings.
The waste of money cures itself, for soon there is no more to
— M.W. Harrison
You don't seem to realize that a poor person who is unhappy is in a better position than a
rich person who is unhappy. Because the poor person has hope. He thinks money would help.
— Jean Kerr
When it comes to having sufficient money for retirement,
everyone is on a different page. Some people need a million or two to retire in lavish comfort and style.
Others need a few hundred thousand to lead a modest lifestyle. Still others have few needs and wants and
can retire in their mid-thirties with relatively little money.
— from How to
Retire Happy, Wild, and Free
Paying attention to simple little things that most men
neglect makes a few men rich.
— Henry Ford
We have a balance of $0.32 in the bank … Which made us four-and-a-half trillion dollars
richer than the federal government.
— Jim Borgman
My retirement investments are diversified. Blue lottery tickes, yellow
lottery tickets, green lottery tickets, red lottery tickets ...
— from a Glasbergen cartoon
Retirement: The time in your life when time is no longer money.
— Unknown wise person
It's an absolute fact that as people get older they spend less money.
— Rick Ferri president of money-management firm Portfolio Solutions in Troy, Mich.
The Money Cafe is brought to you by Ernie J. Zelinski, an innovator and content
creator of best-selling books, creative free e-books, and websites.
Ernie is the author of the international bestsellers How to Retire
Happy, Wild, and Free (over 250,000 copies sold and published in 8 foreign languages)
and The Joy of Not
Working (over 280,000 copies sold and published in 17 languages).
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