lc65_2004 asked:


I would like to know how many years a person has to teach in the following states to draw state retirement from that state.
Arkansas, Louisiana, Alabama, Georgia, Tennessee, Texas, Florida, Missouri, Alaska and Hawaii

The only factor that people consider about their retirement plan is their retirement age, but they fail to consider other important factors, such as their present age, how long they will live, the investments already made, the benefits that the investments are supposed to yield, and the necessary income to support themselves after they retire. The mistake that most people make is start saving for retirement and investing at the age of 50 when they should be doing it at the age of 30.

What About Investments For Retirement?

The best ways to invest for retirement are bonds, IRAs, 401k, and pension plans. Bonds are a good idea because you can predict the interests they will yield over the years and they are not very risky. The 401k plans are protected against taxes, and are very important in retirement plans. Many companies match part or all of the worker’s investments in 401k plans.

There has been a decrease in company pension plans, because 401k investment plans are preferred. If you want to complement your retirement plan with a pension, you may have a hard time having the company match your investments.

Early Planning Saves Money And Headaches.

Individual Retirement Accounts are protected against taxes, and offer reductions in taxes year after year. On the other hand, social security is not reliable anymore for a retiree, since those who where born after 1970 will get it when they become 75. Likewise, those born after 1990 are not likely to get it at all.

The solidness of your retirement plan is essential, which can only be achieved if you start planning for it before you become 30. What would you say if I told you that there re retirees that cannot even pay for the medicines? Would you agree that it is important to calculate how much you are going to need to support yourself in the future?

Although money is an essential part of retirement plans, there are other aspects that deserve consideration, namely, post-retirement activities and life expectancy. If you want to determine these two aspects precisely, you should look for life expectancy and retirement calculators on the internet.

In order to determine the necessary income to support yourself after you retire, you must analyze you future expectations, and what you want to do. With a little planning, investing, and discipline, you will get the quality retirement we all deserve.



By: Cindy Heller

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follower_of_christ36 asked:


No one from scripture went to bible college so why are preachers going to school if God is suppose to be doing all the communication from the preacher? I met a lot of preachers in Los Angeles who have book knowledge, wisdom and no plaque hanging on their walls, the best preachers ever, but those who went to college, they have all book knowledge but no wisdom at all. oh and one more thing, how in the world do preachers retire. what in the world do they do that they deserve retirement plans.

Amanda C asked:


You are 30 and plan to retire on your 60th birthday. You want to establish a plan that will require a series of equal, annual, end-of-year deposits into the retirement account. The first deposit will be made in one year from today on your 31st birthday. The final payment on the account will be made on your 60th birthday. The retirement plan will allow you to withdra $120,000 per year for 15yr.s with th first withdrawl on your 61st birthday. Also, at the end of the 15th yr. you wish to withdraw an additional $250,000. The retirement sccount promises to earn 12% annually.
What periodic payment must be made into the account to achieve your retirement objective?
I need help on a formula to use for this.

GREAT_AMERICAN asked:


Are you putting away money in your retirement plans or expect government to bail you out?

Nancee asked:


I’m almost 24 and I’ve saved about $20000 for retirement in my TSP and Roth IRA. Although my income isn’t that high, I can easily save at least $10000/year, and I plan to save more than that as my income increases. I think that I may want to retire early, but with the TSP and Roth, I have to be 59 1/2 to make withdrawals. What type of account can I save in that will let me have access to some money sooner?

Mark R asked:


If one spouse is more than 4 years younger than the other would it be wise to put more of the couple’s allotted money into a roth for the older of the two? That way it would be there to be taken when the older of the two is 59.5 and not have to wait for the younger one to be there (making the older in mid 60s). Say you have 400 dollars a month to throw towards a roth… should say 300 go into the older spouse and 100 into the younger— so it is accessible sooner? Thoughts?

Ken L asked:


Reducing the onerous tax burden is easy to accomplish. (a) Simply downside the bloated bureaucracy. (b) Then stop the use of taxpayer monies to fund retirement plans for anyone in government. They’re free to fund their own retirement out of their own pocket. (c) Next, halt any further payment to current retirees from government based upon a defined benefit retirement plan with COLA increases. (d) Bring legal action against prior elected officials and bureaucrats for the incompetence and improper management of taxpayers monies, and (e) Bring legal actions against elected officials and bureaucrats who’ve received taxpayer funded retirement benefits for full restitution of ‘back’ principal plus a reasonable amount of interest.
This idea isn’t mine - it’s just something I’m looking for reaction and discussion about.
If you read this far, read Soverign’s answer. Quite provocative.

When it comes to preparing for your retirement, most people do not know where to begin, and so they put it off. Once they realize that retirement is on the horizon, they panic and commence looking for retirement planning tools that will make a plan for them. It is never too early, or too late, to start planning for your retirement, but the sooner you start, the less stress you will have.

A few people employ high-priced firms to prepare a plan for them, and other people might purchase complex software package to assist them to develop a plan. While there is a place for this type of assistance for retirement planning, there are also free tools that you are able to use to get started. Here are three free tools that will aid you in planning for your retirement.

1.Pen and Paper- This is the easiest tool you’ll be able to use, and the one that will create the greatest difference in planning for your retirement. Make a list of your income and expenses, and keeping track of where your money goes comprises the first step of determining how much you will be able to save for retirement. If you create this list, and discover that you have nothing left when you deduct your expenses from your take home income, then it is time to devote some serious thought to your budget. See if you can find several areas to cut back to save some money to invest into your retirement fund.

2.Your Workplace- Most people have forgotten the speech they received from the human resources department when they were hired. The one about benefits, pensions, savings plans and all of that. This is a good time to either pull out your employee handbook, or make an appointment to meet with somebody in the personnel department. You will discover loads of information about what is provided through your work, and how you can become eligible to obtain the maximum benefits once you retire. Many places also offer local investment firms that assist their employees with decisions and provide help for retirement planning. This is like having the best investment advice free.

3.The Internet- There are numerous retirement planning tools available free on the World Wide Web. The AARP internet site provides tools to help you work out how much your retirement plans will cost in real world dollars. CNN Money has free retirement planning tools that can assist you work out investments, income, savings, and retirement goals. There are also several investment and banking web sites that offer free help and tools to help you construct a solid retirement program.

These three tips will help you to begin planning your retirement. Allow some time every week to work on ways to step-up your retirement savings, and to dream about the kind of retirement you would like to have. Use these free retirement planning tools to help you increase your retirement savings so you will be able to have the stress-free retirement you deserve.



By: Brenda Cyr

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