Sep 18, 2009
In the past year, large amounts of wealth were lost and a significant portion of this money came from the retirement funds of baby boomers. It is estimated that trillions of dollars vanished into thin air as a result of the financial meltdown. This is undeniably the worst economic catastrophe to hit the United States since the Great Depression. Aside from the people who lost their homes, no one feels this more than the individuals on the verge of retirement.
If your retirement fund has been affected by the economic crisis, then the blogs below can definitely help you. We have compiled a list of tips, advice, and a few nuggets of thought that will help you rise up from the crisis.
Selena@ Motley Fool wrote a thoughtful post entitled “Wildly Different Retirements”. She compared deaths of two noteworthy individuals and took notice of their age. One died at the age of 73 while another died at age 104. The point is, no one can predict how long they’ll live. She provided tips that will help you get debt relief and save more effectively to build your nest egg.
JD @ Get Rich Slowly posted another great article, “How Much Should You Save for Retirement?” It answers most of the questions we want to ask. JD discussed the percentage of your monthly income you should set aside. There might be conflicting advice on this one but he urges everyone to save as much money as possible.
The True Tips and Facts blog has an interesting blog post for this week, “Retirement Investing – Tips and Advises”. The fact is, investing for your retirement years is very important. The earlier you start the better. In some cases, people might be tempted to dip into their retirement investments to solve their short-term problems today. However, this may not be a good idea because your later years may not be as comfortable as you want it to be.
- Top Money Saving Tips for 2009
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- Compilation of Money Saving Blogs
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