Infographic: How to Plan (Pay) For Your Retirement by Mark Johnson

Going to retirement someday? Here are some fact you might need. This infographic from Mark Johnson compiles statistics and advice from the experts on what actions you should be taking if you are going to retire using using your own nest egg. He has also included a list of his sources so you can do a little checking of your own. Of course, the piece of advice I thought to be wisest...SPEND LESS THAN YOU EARN! Other key points:

• Avoid acquiring more debt and pay off high interest debts first.
• 36% of income should be used to pay off debt. And 28% of total pre-taxed income should be going toward your mortgage.
• Take care of your IRA and 401k plans. 
• 10% of your income should go to an IRA or 401k retirement plan.
• Plan to have saved 8x your yearly income by the time you retire.

What would you add to this infographic if you had a say? Here it is...only on Retire In Style Blog. Take a look!

Gossiping about: When will YOU retire? Infographic

I am not a financial expert but I have worked with people that gossiped about their retirement options.  I cannot tell you how many times I was asked, "When will you retire?" Then they would want to know what I had heard about the company retirement plan...like I actually knew!  

Here is what I think; they should have asked someone that has the correct answers. I could not help them with their retirement plan.

I received the Infographic from Lemon.com the other day.  Kelsey sends these to me once in a while. This is what she said:

From:  Kelsey Cox

Hey Barbara, 

Hope you had a great weekend. I wanted to send along another graphic I thought your Retire in Style readers would be interested in. The graphic, based on Gallup's Economy and Personal Finance poll, examines when today's workforce plans to retire, and some tips to ensure a comfortable retirement. 

Take a look and let me know what you think. Thanks Barbara!

Infographic: When Will You Retire?

Click here for large view:  http://lemon.com/blog/infographic-2/when-will-you-retire/

Preview:

Best,
Kelsey

 I liked the final four items on Inforgraphic.  This is such good common sense stuff.

From Lemon.com: http://lemon.com/blog/infographic-2/when-will-you-retire/

1. Know your numbers. Retirement planning calculators can tell you what you should be saving.
2. Max out your IRA/401(k) contributions.
3. Automate your savings.
4. Learn about your employer's pension plan.
5. Don't overestimate Social Security. This plan will give you, at best, 40% of your pre-retirement income.

But I want you to focus on #4. Learn about your employer's pension plan. Do you gossip around the water cooler or in the coffee room about retirement? When was the last time you hear people talking about their savings or IRA/401k contributions and thought "I really should be doing more"? 

Listen to me now...talk to your human resources person and get some more information about your company plan. They may even guide you to another person that can give you some advice about the rest of the plan. Really, the people in the coffee room are not experts even if you are working for a company that deals in that sort of thing. Your local gossip is not a good person to go to when looking for your retirement plan!

Click on the link and look at the whole page.  

Have a wonderful day!

b

If this information is helpful beam me up to twitter.com.

Date Night Costs a Lot...even at our age!

I don't know when you were out on a date with your spouse last but I bet you gave some thought to how you looked.  Just the word "date" conjures up images of a new dress or shoes.  It might even be the occasion that has you looking for a new hairdo or a day at the spa. This is what Turbotax had to say:

Dating can be expensive. Whether you plan to go out on a simple date to see the latest movie like Battleship staring Rihanna or to a Lady Gaga concert, the price you pay to impress your date can set you back quite a bit.  Hopefully you held on to some of your tax refund if you plan to wine and dine that special someone, since a simple night out can cost you over $200.00 in some cities.  Check out our infographic to see how much a “(not so) cheap date” cost in cities around the world. 

I loved this infographic.  Maybe we should rethink what we spend on clothes. Make that date pay for the good stuff instead. Smile!

b

Are you safe? Nothing is "Private" Online

But when I received this Infographic called You Are Not Safe Online I thought it was a good reminder.  If you don't want to let the everyone to know your numbers, pay attention!

I read 1984 back the early 1960's.  It still haunts me.  But only in light of my world then.  The flat earth  was still round and all of my life was private.  No one watched my every move and I could shop without anyone knowing if I used cash and wore a disquise.  Boy have things change.

I have nothing to fear really.  I take the necessary precautions in my online life.  I do that sort of thing much like I lock my front door at night.  Humans are humans and always have been...some are good and some are bad!  But still...is this a good thing?  Here is a "picture" of how your online activities are shared.
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