Blog: retirement

Knowing When To Quit

The interesting thing about all of us is that those who think about retirement the most are probably the ones going to retire well. If you don't think about retirement, then how would you get to where you want to be? However, not thinking about retirement is okay too. If you're unemployed for a while, or just needed a year or two off from work and had the humble help of friends, family, or even money you put away. You might not need to panic at all if you couldn't find work for a while.

Throughout your life, if you must, to "get on the records", work with a social security number that helps pay you during your retirement. It will help that you have something type of work ethic to be seen. If you have this much, you probably shouldn't worry too much about quitting your job if you wish. Don't let the worries of retirement prevent you from quitting. You'll either get another job with benefits, or your new company will open up a new 401k, while your old money sits in an account with the company.

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Unusual Investments For Retirement


Most people saving for retirement believe they have to put away money into the stock market or invest in real estate. There are many people who sock away what they can into a 401k or an IRA which is meant to be a nice addition to compliment the social security checks that will also be coming in during retirement. However, there are some things that people, including you, could do for different kinds of investments that may or may not give you a good return over time. This also depends on whether you can find the right target audience or collectors who are interested.

These things usually involve collecting very unique and specific items that can help you run a small business or even sell during your retirement for extra money. For example, although the husband passed away from cancer many years ago, he left his family with a Toy museum that attracts hundreds of people every month to visit in New Mexico. It is called Tinker Town ( ) and holds some of the world's most unique toys from the 1700s, 1800s, and 1900s. The man spent his life traveling the world and buying unique toys from all over. He returned home and eventually built a museum showing off his collection. His wife and family continue to run the place and charge about $10 or $12 for admission. If you ever get a chance, it's a small side attraction, but its very unique and fun to see.

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Why You Should Use A Net Worth Calculator


Most people hardly know what they are actually worth but when asked about their net worth, they might think this only accounts for what they have in a bank. For the vast majority of people, their savings and checking account amounts to less $20,000 for an individual and is not triple their salary by the time they are in their middle age. To calculate the average net worth, it is a simple formula of what you own that has value to it minus what you owe. Anything that is considered to have a value and can be sold is part of your net worth. In other words: assets - liabilities = net worth. [ Source: ]

If you aren't worth much, don't worry too much. If you are young, you have your life ahead of you and time to obtain and grow your assets. Just remember that those with the most still die with nothing. However, while you are alive, it makes sense to acquire some assets in your name, and even use those assets to borrow equity or sell off for cash or something else of value. Many people use their assets to add more assets into their net worth, such as acquiring new property with downpayment by refinancing or using another asset as collateral.

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What Age Should You Start Thinking About Retirement?

It is hardly a thought about saving for retirement when you are young, especially under 30 years old. The thought of being 65 years old is not a reality to anyone that young. However, once you are in your 30s and 40s and you start to experience those unexplainable pains in your legs or your side, you begin to realize that maybe, just maybe, you are aging. You also face the reality when your parents reach the age of 62 and 65 years old, respectively, and you likely aren't far behind, especially if they had you in their 30s and 40s.

At 18 or even 25, thinking about retirement already may seem like its too early. You've just begun your life. You've just started college or even graduated college, or just bought your first car, or just moved into your first apartment, so why would retirement even be on your mind? Why should it be on your mind? The truth is: you should expect to live long enough and beyond to retire. Even though we live in a world plagued with COVID-19, the statistics are still pretty good on your survival up until at least the age of 75 to 78 years old. If you're lucky, you can even look forward to 80 and 85 years old.

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Should You Worry About Retirement?


Worrying about retirement usually doesn't even come until you are in your mid-to-late 30s. You may still be single or you may have a family, but you soon begin to wonder: am I going to be working for the rest of my life? How much should I put away for retirement? How much will I need in retirement? Am I ever going to be able to retire?

Walk into any retail store, such as Walmart or even Home Depot and you will find some Elderly still working. Have you ever asked them why they are still working? The good news is that the majority of them are not working because they have to work but rather because they are looking for something to do, something to make them still feel relevant, and something to give them a little extra in their paychecks. They do have to make under a certain amount in order to also continue collecting social security. What exactly are they saving for by this age?

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