Plan for retirement Sat, 28 Sep 2013 18:13:12 +0000 en-US hourly 1 People Are Not Done Worrying About Retirement Income Fri, 22 Mar 2013 14:43:17 +0000 A comfortable retired couple?

Couple Holding Hands on Beach Chairs

To get from here to there isn’t going to be as easy as we once thought.

Retirement funds are still a worry for some of the average working people.

Although the economy is on a bit of an upswing people are also coming to realize that retirement funds aren’t just going to come rolling in from nowhere.

People have to save and as they come to realize how much they are getting a bit nervous about retiring at 66 years old or whatever their retirement age should be.

Half of future retirees

Although about half of the people asked about retirement think that they will be OK the other half really isn’t sure at all and are facing the numbers that are needed to retire in an economy that has rising costs and lower income than previously available to retirees.

The New York Times talks about this as well and states that their similar numbers come from a company that did 20 minute phone interviews with 1003 working adults and 251 retired people with a 3% + – sampling error.

People aren’t saving enough money to retire in general and at least half of them have less than needed so far in their plan.

The point is that if you have an expense that comes up like a broken auto engine or a health bill that is not covered can you afford to pay for it right now?

60% – 40%

A figure of about 60% of people still working feel that they will need to be able to save 10% more money than they are now and the other nearly 40% feel that the number would be higher – near 20%.

A company, EBRI,  feels that just unreimbursed health expenses alone during retirement could be about $250,000.00.

If they still can based of health issues etc. , thirty six % of people working today will have to work past their normal retirement year.

Almost half of workers had to quit work for health reasons before a normal retirement age so that leaves them stuck financially to whatever extent that the money is lacking.

So folks, save your money and/or invest and plan for retirement a bit more that you had been and good luck.


Who is worried about retirement? Mon, 29 Oct 2012 15:55:43 +0000 Younger people worry about retirement
by roger chartier

They worry more than the older folk as it stands today.

The PEW research center discovered that it is 66% of our population who are worried about funding their retirement plans. Consider that the 66% is up by 12% from back in 2002 just ten years ago.

It goes on to show us that of those who are worried it is 53% who know for sure that they will be underfunded for retirement when the time comes and that figure is up from 32% as stated for 2002.

Three years ago it was the people in their 50’s who were most worried but that age has dropped dramatically in three years to a 30 year old from the younger generation just getting married and having babies.

The great loss in the values of the homes that were bought has been the biggest contributor to the depression. The last ten years have brought the strongest change in finances for the younger people. Stocks markets are a bit up to some extent but not enough to help.

More specifically it is near 49 percent of people who are 35-44 years old who say that they won’t make it in retirement. That number is twice what it was three years ago.

Interest is low – Retirement plans must change Thu, 13 Sep 2012 16:58:38 +0000 Low interest on investments

Is what is changing things for retirees who had planned on a higher interest rate on investments.

Now things have changed and the interest rates are lowered to the point where you have to re-do the math that you had done 10 or 20 years ago  when you last planned your retirement investments.

You need to start out with a date, that is a retirement date as a goal.

If you can’t figure out the best direction to move in then use a retirement planning coach, who does not sell anything to you at all. Just coaching services.

In the past long term interest was at 5% or higher so if you had a half of a million dollars invested you could get at best $25,000 a year minus taxes.

Forget about that idea for these times.

Around 2% is the top rate you’ll get for long term investments and if so then you are doing well.

Try the plan now

Figure out the income that you will have at retirement and live on just that amount for a year to see what it would be like.

Remember that costs go up and the money does not go up unless invested but even then it doesn’t rise at the same rate as cost of living does so…

Your retirement date

Could have to change to a year or more later than planned so keep that in mind as part of your retirement planning goal for the future.
Good Luck


Too many retirement plans and investments? Wed, 05 Sep 2012 09:07:04 +0000 by roger chartier 9-5-2012

What a mess…

You have worked for 6 different companies over the years and they have retirement plans and you also have 401K’s and CD’s and IRA’s, mutual funds, etc.

Well here is a solution to put into action early on in the game of planning for retirement.

Life insurance

A lot of people avoid dealing with life insurance but in reality a $75,000 insurance plan could provide as much as $50,000 a year for the next 20 years after the death of the insured person.

Get your investments into a single plan

That will pay off at 59 1/2.
This won’t be simple at first but when you are done it will be great to get one single report on your investments and have your retirement plans organized as well.

For those who want to stay with the mutual funds that they have bought, they can use a company such as Ameriprize, Schwab or Fidelity and have them organize your various investments so that you get a single report on your financial situation as it grows, (hopefully).

Get your retirement plans organized

Into an IRA for when you retire. This offers a lot of investments choices.
The favorite of mine is the Roth IRA for it’s value all in all.

The 403 B plans

Could be tough to deal with if they are an annuity.
In the annuity you can’t take all of your money out to be put into an IRA at once without a penalty but you can take at least 10% a year so do just that.

Thirty-five% of people won’t ever be able to retire Thu, 30 Aug 2012 15:27:59 +0000 by roger chartier 8-30-2012

Well that says it all…

Well pretty much but let me elaborate here.

35% of those nearing retirement age will never be able to retire from working at either a full time job or a part time job + more hours when needed.

Many will be in the same business that they started years ago and never really got going full storm so that they are surviving from week to week on the small income that they get.

The economic situation has gotten to the point where that is how it will be for the future and until something changes economically that is how we will have to face the future.

This info came from a  phone survey of more than 1500 adults between ages 45 and 80 years old and was within 5 points of accuracy.  About half of that population where still working.

Most folks will at least have to work a few years longer just to get an income from their social-security that they can live on.

Others will have to make a variety of different financial plans to get along.

In my aunties case there was a reverse mortgage arrangement that worked out very well considering that she took the deal in her early eighties having nearly a million in property and very few dollars as income from social-security.

Time for you to consider your future, I don’t care how old you are, think about your retirement and start to plan or use a Roth IRA  or some other kind of plan starting now.

Helen Reddy back from retirement Mon, 16 Jul 2012 01:44:34 +0000 by Roger Chartier 7-15-2012

She did it to help the St. Genevieve High School raise money on Friday and Saturday night.

Helen Reddy who was living in Australia as a clinical hypnotherapist, for the last ten years decided to come to America and do the musical benefit for the school.

She had major hit songs such as “Delta Dawn”, “You and Me Against The World” and “I am Woman” and had retired  ten years ago.

All of this was true but she agreed to do the benefit on a phone call from Principal Dan Horn who had worked for her as a gopher in the 70’s in Los Angeles, Ca.

Reddy used the accompaniment of SGHS Jazz band and Valiant Voices for her shows that were priced at $40.00 a ticket. Rosalind Smith, a student there accompanied Helen in duets both nights.

The St. Genevieve school will end up with $20,000.00 for both shows.
Helen is also doing a club in San Diego during the trip here.

She had such a good feedback from those at her sister’s birthday party where she had sung recently that she decided to get back into singing but in a different way.

She won’t be singing the big hits but her own favorite album cuts that she found attractive to her over the years. Back in 1971 she had a hit cover of the “Jesus Christ Superstar” song  “I Don’t Know How to Love Him”. The next ten years brought her three #1 hits and 15 top 40 hits.

She is 70 years old now and walks 4 miles a day and doesn’t worry about the small things that were a worry for her back in the old days.

Peter O’Toole throws in the sponge Wed, 11 Jul 2012 02:05:46 +0000 Retirement from Acting

7-10-2012  by roger chartier

It’s the announcement today in the media from Peter O’Toole who 50 years ago starred in “Lawrence of Arabia”.

At age 79  the actor who won many hearts and also was an eight time nominee for the Oscar and an honorary Oscar winner, announced his retirement from show business.

“Dear All,” “It is time for me to chuck in the sponge. To retire from films and stage. The heart for it has gone out of me: it won’t come back.

“My professional acting life, stage and screen, has brought me public support, emotional fulfillment and material comfort. It has brought me together with fine people, good companions with whom I’ve shared the inevitable lot of all actors: flops and hits.

“However, it’s my belief that one should decide for oneself when it is time to end one’s stay. So I bid the profession a dry-eyed and profoundly grateful farewell.”
“Ever, Peter O’Toole.”

Woody Allen – Retiring? … Not! Thu, 28 Jun 2012 13:16:08 +0000 by Roger Chartier  6-28-2012

Woody Allen

Woody Allen - www.CanIRetire.bizReally was born as “Allan Stewart Konigsberg”
on December 1, 1935.

Woody spent his life as a writer and comedian as well as producing some great films… oh and he does play the clarinet very well.

Today in Paris he replied to a question about retirement soon as “I’m 76 now so I don’t think that’s going to happen, but I keep trying,”

Woody was spending some time in Paris promoting his latest movie “To Rome With Love”.

Some feel that it is a great film. I haven’t seen it yet but I would just have to because it is an actual  Woody Allen film.

It was released in Italy on April 20. The US release is on June 22.

Woody who is actually not retiring soon (unless he dies or something bad happens) said:
“I would like to make a movie that I could show unashamedly at a film festival”.

I got a kick out of that statement.


Where is the temperature good for retirement? Wed, 27 Jun 2012 12:39:28 +0000 Aha!  The temperature!

The outside air temperature and weather is on some folks minds when they think about retiring. That is if they don’t just stay put where they live right now.

There are several spots that could be of better temperate service to you than where you are living and let me list a few for you here:

Southern California’s coastal area.

Temps can be from a high in summer of upper 80’s to a low in winter of upper 40’s. That’s not bad at all considering the bulk of the country.
Stay toward the coast for those temps though. Inland it can get very hot and even colder at times.

Key West Florida

When the summer temps get up into the 90’s but not much below the lower 65 for the dead of winter you are living well. I have lived there and enjoyed a lot of great winter temperatures in the mid 70’s to low 80’s. Cost of living is a bit high but what the heck as long as you can afford to live there. Social-Security alone might not cover the expense.


Hilo, Kahului, and Honolulu etc. offer temperatures from a average high of 88 degrees in July to the low of around 66 degrees in January. Talk about cost of living and it might cost you. It is high in those Islands but if you can work out how to live there it could be a dream retirement spot. Heck move there now if you can afford to do so.

Puerto Rico

Humidity there in the summer is the only temperature drawback from Puerto Rico especially San Juan. Summer can get sticky toward the upper 80’s area although the winter will only drop to around 70 degrees.
Sounds great but remember the local language is Spanish and if you don’t speak any then you have to find whatever English speakers are around town.

In the end

There are more spots to think about but this review is a teaser to get you going on your research. Have a nice time checking weather for USA and retirement spots for your future… or now if you can afford to do it.

Check on for some good info about income and other retirement spots etc..

New Retirement Idea! Sun, 17 Jun 2012 10:23:22 +0000 I love the idea of retiring right now!

But it won’t happen. I have a very few years to go yet.
With friends though, I look at the numbers right now and I am a bit thrown off by what I see. Some folks haven’t planned anything at all.

In England the typical 50-year-old Briton, according to Met-Life, has not got enough money to retire on. Met-Life figures that they would need £108,600 put away.

There is a more than 50% gap there to fill and women are doing worse than men with it all.
Somewhere around 40% will have to depend on the government for subsistence.

50 years old

A lot of 50 year old’s are looking in the wrong direction as far as what will be important to them for the future 15 years away from today.

A lot of people are shoved into an earlier than best retirement due to job loss.
There are those who have either no plan or a bad one and retire early.
Depression can kick in for a good percentage of folks who are in their retirement age. This doesn’t have to happen to you but you need to make a plan.

Look forward to my next post on the same subject to see what we have come up with as far as a plan.