saving for retirement

What is Your Retirement Number?

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How far does a million dollars go in retirement? Depends on where you live.

There is a fascinating game you might want to play if it gets boring at your next house party. Just go around the table and ask each guest what their number is. I'll bet most of them already know what you mean because they've been thinking about it for years. Just how much money will they need to retire comfortably? That number will be different based on job stability and expectations. But it will also depend on where you want to retire.

Bloomberg Business asked the question, how far does a million dollars go in retirement. The answer? If you want to stretch it out, head down south. A million lasts 11.9 years in Hawaii and 16.4 years in California, while it lasts 26.3 years in Mississippi.  read more »

Financial Security

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When it comes to financial security, having money is just half the battle.

Carrie Schwab-Pomerantz is a leading advocate for financial literacy and a certified financial planner. Plus it doesn’t hurt that her father is financial icon Charles Schwab. She says a majority of the country does not know how to properly handle money.

“My concern is that as a country we’re not talking about the lack of financial literacy. Financial literacy is necessary to have financial security.”

Carrie says teenagers and 20-something’s aren’t being taught how to manage debt and the responsibility of credit cards. On the opposite end of the spectrum people in their fifties aren’t fully prepared for retirement.  read more »

The Best Investments

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Your best investment might not be in the bank.

The key to your golden years might not be in your home, stocks or mutual funds. Instead it could be something that has no monetary value at all. So to help realize your worth; MSN Money has put together a list of the five big investments you don’t even realize you have. For example, your body.

According to a 2012 study by the Journal of Labor Research workers who exercise regularly earn an average of 9% more than those that don't. But the benefits of working out go farther than your paycheck.  read more »