Lifestyle Planning

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3 Steps You Can Take To Have A Happier Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Happiness, it’s been said, is like a butterfly. The more you chase it, the more it will evade you. The implication is that by actively pursuing a happy state you reduce your chances of achieving it. That may be very well be true in a philosophical sense. But when it comes to retirement at least, new research suggests that there may be specific steps you can take to enjoy a more rewarding post-career life. More»

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How Much Income Will You Actually Need In Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I always hear you need to replace 70% of your pre-retirement income in retirement. But now that I’m getting close to retirement, my income is a lot lower than it was earlier in my career, although my lifestyle hasn’t changed much as I’ve always lived pretty simply. So should I figure I’ll need 70% of my earlier, higher income or 70% of my more recent, lower income once I retire? More»

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How Do You Tell When It’s The Right Time To Retire?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

How will I know when it’s the right tie to retire? Is there a barometer that experts rely on to know when it’s the right time to go?

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Suze Orman Says You Shouldn’t Retire Even A Month Before 70. Here’s Why She’s Wrong

By Walter Updegrave, RealDealRetirement @RealDealRetire

In a recent column, personal finance guru Suze Orman laid down the law about when we ought to retire: “Seventy is the new retirement age,” she let us know us in no uncertain terms. “Not a month or year before.” Apparently she realized that such a pronouncement might be hard for some people to swallow because immediately after making it she added, “Don’t ‘Oh, Suze’ me just yet. Please hear me out.” More»

BudgetWorksheet

3 Ways To Prevent Higher-Than-Expected Expenses From Spoiling Your Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

You’ve saved diligently, built an impressive nest egg and now you’re ready to call it a career. Great, just one question: Do you know how much you’ll have to shell out each year to cover your expenses after you retire? It’s an important question because unless you have a good idea of what it will actually cost to live the lifestyle you envision, you run the risk of running through your nest egg too soon. More»

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How To Prevent Inflation From Squeezing Your Lifestyle In Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I don’t think most people appreciate how much inflation can affect their retirement plans. Can you explain how inflation can erode purchasing power during retirement and tell us what do to deal with this threat?

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