10 commandments of retirement planning

It's never too soon to begin thinking about how you'll fund your life once you leave the workforce. These guidelines can help you get your finances ready.

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4Comments
Jan 19, 2013 1:40AM
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1st rule. Have more money than years
Jan 21, 2013 9:56AM
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I lost my job in October.  I am a boomer, so I think it's time to retire.  I was unemployed just four years ago and had to liquidate my retirement account to pay the bills because unemployment didn't pay enough for the rent and other bills.  It's hard to have a retirement plan in this economy, but I figured out a way to generate income without a regular job,  so I'm okay this time.  Peeps, I don't care how old you are, you must at least think about your retirement some day, so make plans now.  I don't care if you save fifty cents a week in a savings account  - do something!  
Jan 21, 2013 7:50PM
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Matches my checklist, put into another article comment last year, fairly closely

1. Save starting early - check

2. Save a material and ever increasing amount of my income - check

3. Save an emergency fund - check

4. Save an additional already taxed amount - check

5. Maintain life, health and property insurance - check

6. Carry no revolving debt - check

7. Pay off mortgage - this year (update..check - now paid off!)

8. Save monthly what would have been the house payment - start next year

...let it all simmer and tenderize for 9-12 years

9. Breathe deep, work my last day - and let the stress and tension melt away

10. Enjoy a hot steaming cup of coffee while watching birds going about their busy sunrise activities. Listen to the echo of a small boat puttering across the lake. Get some night crawlers, drop anchor, and give the owner of that puttering boat a run for his money...the lawn, my new boss these days, can wait.

Looking forward to it..

Jan 19, 2013 12:52AM
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Take your  "MADE IN THE USA " retirement funds and flee to Mexico or another foreign country should have been on one of the plans.
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