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Money and Finance:
Are You Able to Retire in the Autumn of Your Life?

Though many people are very careful to save for their winter years, it is becoming increasingly popular and possible for people to retire in the Autumn of their lives, instead of waiting for later life.  In fact, 38 percent of Americans are currently retiring earlier than they had initially anticipated.  The average age for men to retire is currently 63, while women, on average, will retire at 62.

Indeed, this does require long-term dedication and a willingness to make certain reasonable sacrifices so that you'll be able to retire and achieve the lifestyle you want earlier in life.

There are five main steps to accomplishing this goal.  They shouldn't be surprising, but they are each quite crucial in their own right.

• Save Your Money - If you are aiming to retire between the age of 55 and 60, you will need to have a great deal of money saved to cover the expenses you'll have over the rest of your life.  Financial planning experts will often recommend that you make sure you've put away at least one third of your take-home pay.
  
• Live Reasonably - When it comes to retiring early, saving your money must remain your top priority.  Therefore, before you spend your money on anything else, you need to think about whether you need it, or whether you would be wiser to put that money away.  Come up with a budget that has early retirement in mind, and stick to it.  You may need to choose that smaller home or used car instead of the new one, but in the long run, it will achieve your ultimate goal.
  
• Save Aggressively - Your portfolio cannot be conservative if you need it to save the same amount, but 5 to 10 years more quickly.  75 percent of your money be placed in stocks, and as your retirement approaches, change your focus to bonds.  Indeed, there is risk involved with this technique, but investing too cautiously will certainly not get you there.  After all, only 33 percent of employees have traditional-style pension plans, where that statistic was at 63 percent in 1988.
  
• Save Any Additional Income - Should you ever come upon extra money, such as a raise, an inheritance, or even winning a prize, you should save that money as opposed to spending it.   This technique can propel your savings forward and can make sure that you have additional funds in case of unexpected expenses.  Remember, only 33 percent of large employers offer retiree health care, down from 1988's 66 percent.
  
• Include a Post-Retirement Career - If you don't rule out the thought of some part-time work in a position that you truly enjoy, you may be able to enjoy a much more fulfilling retirement and ensure that you have the additional income that you need for your desired lifestyle to be a reality.

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   Calendar of Events 

New Classes Being Added

Proposed Development Schedule is subject to change without notice.

These are estimated dates of completion, and course availability is not guaranteed.

December 2007
Access 2007 Advanced
Communicate with Power
PowerPoint 2007
Project Management Effectiveness
SharePoint 2007
AJAX
CompTIA A+ Essentials 220-601

March 2008
Outlook 2007



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