Are you in your fifties, now (A Baby Boomer)? Perhaps in your forties (A Gen-Xer)? Or a thirty-something (A Millennial)? Are you on track in your retirement savings? No? There is still time! This posting in MarketWatch from the Wall Street Journal focuses on how the youngest of the Baby Boomers turn 50 this year and how they can get their retirement savings back on track. The article by Carolyn Greer also has some thoughts about Gen-Xers (in their 40s) and Millennials (in their 30s) and saving for their retirement, too: http://online.wsj.com/news/articles/SB10001424052702304137304579292610918046266 The most important part of the whole cycle is to get started! Boomers have to catch up and Gen-xers and Millennials have to start saving to take advantage of compounding. This is going to take some planning and some pain to be able to comfortably retire when you want to. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: You may be saving too much for retirement!
This is a new question that is being raised; with inflation and spending not being linear, will retirees actually be spending a lot less than previously thought and can they retire on a reduced income stream? This posting in CNNMoney by Jean Chatzky goes through the nuts and bolts of retirement, plus the discovery that on average a lot of retirees can live on twenty percent less than originally thought: http://finance.fortune.cnn.com/2014/01/06/jean-chatzky-retirement/ The article ends with a good train of thought; everyone is different and things change. The planning discussed in the posting is going to be an ongoing thing so you always know where you are financially: no setting and forgetting! You have to be proactive and keep an eye on things to make sure you really do have enough money to retire comfortably. Tough to go back to work in your seventies; maybe you will have to make that additional trip to Vegas to get your retirement income for the month (just kidding – please don’t do that!) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a CPA: 10 easy ways to make money in 2014
Want some New Years resolutions that you may actually be able to keep? How about some money resolutions? See this article by Jennifer Waters on MarketWatch: http://www.marketwatch.com/story/10-easy-ways-to-make-money-in-2014-2014-01-02 You too can be financially responsible this year, even if you can’t lose weight or remember things. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa