What Age Will You Retire At?

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Choosing when to retire is one of the most important decisions any senior must take.  Many weighty issues are involved and much has been written on the subject.  Here are a few of the more important articles on the age of retirement that you will find on the Web:

• Will You Retire? Washington Post
• When Will You Be Ready To Retire? PBS
• Will you ever be able to retire? MSNBC
• When will you be a millionaire? CNN – money

The last one is thrown in somewhat facetiously.  A more useful reference is that provided by today’s CNN article on Kicking Back In Retirement.  This is the final excerpt in the five-part series by the CNN chief business correspondent Ali Velshi. It is taken from his new book,”Gimme My Money Back: Your Guide to Beating the Financial Crisis”

For too many people, retirement recedes like a horizon. As you draw closer, it moves farther away. You reach the age that should have been the starting line, but the comfortable years they talked about on TV are nowhere to be found. What happened?  There’s no mystery. The retirement we’ll have is a function of how well we’ve planned for it. If you leave it to chance, you might as well forget about it. So it’s time to start thinking about it now.

His key pointers are:

1. Save as much as you can as early as you can.
2. Set realistic goals.
3. Tax advantaged accounts represent an excellent way to save for retirement.

As with the previous excerpts, it is a excellent advice.  For the other seven of his key pointers, you must refer to his book.

Footnote: If you are interested in books on Retirement, then why not visit the Retirement section of the Money Bookstore.