Planning Food Cost For Retirement-How To Achieve The Money You Need To Retire Comfortably On
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Josh Neumann
May 6, 2013, 1:40:05 AM5/6/13
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Article Title: Planning Food Cost For Retirement-How To Achieve The Money You Need To Retire Comfortably On
Author: Josh Neumann
Word Count: 691
Article URL: http://www.isnare.com/?aid=203165&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=203165
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Many people forget during their retirement planning to plan for each and every expense that will arise during their retirement. This is exactly the reason the vast majority of Americans get to their retirement years and find they don�t have enough money to retire on.
According to the Social security administration, 95% of people will not be able to retire comfortably. Unfortunately, this stat could have been alleviated by most people from some simple and thorough planning for the costs they will be faced with after retirement.
Of course, food cost is one of the biggies that most people overlook when planning this important stage. Most people get so caught up in planning for their housing, cars, and other larger expenses, they forget about this everyday, seemingly trivial expenses. Obviously, as I�m sure you are aware of now, food costs can really add up if you�re not careful.
In planning for these food costs for retirement, first of all, sit down and figure out exactly what you spend on food every week now. Now figure out how much that figure is per month, and then per year. You should already be doing this process now in keeping track of your expenses, and most people do a very poor job of tracking their expenses before retirement as well. However, that�s another story for another day.
Once you�ve gotten this figured out, now simply multiply that number by about 25 or 30 (usually safe) and you�ve got about how much money you will need for your food expenses when you retire. Of course, this number isn�t perfect, depending on how long you live once you retire. Obviously, you don�t know this, so you have to at least do what you can.
Once you know this, that�s great, but you also have to take into consideration your other expenses as well. In your retirement planning process, every expense must be accounted for; without this clarity, you can never achieve your retirement goals, whatever they may be. Unfortunately, it�s this same lack of clarity that stops most people from having enough money when they retire.
In this process, there is a lot of great retirement planning software that will make this stage much easier. Also, you might try doing a quick internet search for retirement planning calculator, and you will get up literally millions of results. There are many financial companies that will offer you these calculators for free so that you use them and hopefully get hooked on ultimately hiring that company and their services. Whether you do this or not, you can certainly still benefit from the free software available.
Now, once you know this info, you need to figure out how you plan on getting that money to live on. For most people, this will be achieved thought the stock market, whether it be mutual funds, savings bonds, foreign currency exchange, futures, or regular stock investing.
Of course, you can also invest in real estate and other assets as well. If you aren�t financially educated and don�t know how to tell a good investment from a bad one, you�ll either want to read books and educate yourself, or hire a financial advisor to tell you the best investments to put your money into. Obviously, becoming financially educated yourself is certainly preferably, because you will have the opportunity to spot investment opportunities on your own.
Remember, nobody else will ever care as much about your financial situation as you, so being able to do this is invaluable. However, the most important part at this state is to either use your own or somebody else�s expertise to help you find the top investment vehicle to help you achieve your goals.
Once you�ve done these planning food cost for retirement and other expenses steps, and decided on the right investment vehicle to get you there, you are well on your way to achieving your goals. Now it�s simply time to take action.
About The Author: For great 401k information and retirement financing planning tips, visit http://online-retirement-planning.com.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=203165
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Josh Neumann
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=203165
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=203165
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Planning Food Cost For Retirement-How To Achieve The Money You Need To Retire Comfortably On
Author: Josh Neumann
Word Count: 691
Article URL: http://www.isnare.com/?aid=203165&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=203165
Easy Publish Tool: http://www.isnare.com/html.php?aid=203165
*********************** ARTICLE START ***********************
Many people forget during their retirement planning to plan for each and every expense that will arise during their retirement. This is exactly the reason the vast majority of Americans get to their retirement years and find they don�t have enough money to retire on.
According to the Social security administration, 95% of people will not be able to retire comfortably. Unfortunately, this stat could have been alleviated by most people from some simple and thorough planning for the costs they will be faced with after retirement.
Of course, food cost is one of the biggies that most people overlook when planning this important stage. Most people get so caught up in planning for their housing, cars, and other larger expenses, they forget about this everyday, seemingly trivial expenses. Obviously, as I�m sure you are aware of now, food costs can really add up if you�re not careful.
In planning for these food costs for retirement, first of all, sit down and figure out exactly what you spend on food every week now. Now figure out how much that figure is per month, and then per year. You should already be doing this process now in keeping track of your expenses, and most people do a very poor job of tracking their expenses before retirement as well. However, that�s another story for another day.
Once you�ve gotten this figured out, now simply multiply that number by about 25 or 30 (usually safe) and you�ve got about how much money you will need for your food expenses when you retire. Of course, this number isn�t perfect, depending on how long you live once you retire. Obviously, you don�t know this, so you have to at least do what you can.
Once you know this, that�s great, but you also have to take into consideration your other expenses as well. In your retirement planning process, every expense must be accounted for; without this clarity, you can never achieve your retirement goals, whatever they may be. Unfortunately, it�s this same lack of clarity that stops most people from having enough money when they retire.
In this process, there is a lot of great retirement planning software that will make this stage much easier. Also, you might try doing a quick internet search for retirement planning calculator, and you will get up literally millions of results. There are many financial companies that will offer you these calculators for free so that you use them and hopefully get hooked on ultimately hiring that company and their services. Whether you do this or not, you can certainly still benefit from the free software available.
Now, once you know this info, you need to figure out how you plan on getting that money to live on. For most people, this will be achieved thought the stock market, whether it be mutual funds, savings bonds, foreign currency exchange, futures, or regular stock investing.
Of course, you can also invest in real estate and other assets as well. If you aren�t financially educated and don�t know how to tell a good investment from a bad one, you�ll either want to read books and educate yourself, or hire a financial advisor to tell you the best investments to put your money into. Obviously, becoming financially educated yourself is certainly preferably, because you will have the opportunity to spot investment opportunities on your own.
Remember, nobody else will ever care as much about your financial situation as you, so being able to do this is invaluable. However, the most important part at this state is to either use your own or somebody else�s expertise to help you find the top investment vehicle to help you achieve your goals.
Once you�ve done these planning food cost for retirement and other expenses steps, and decided on the right investment vehicle to get you there, you are well on your way to achieving your goals. Now it�s simply time to take action.
About The Author: For great 401k information and retirement financing planning tips, visit http://online-retirement-planning.com.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=203165
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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