How To Make Your Income Last For Decades In Retirement

Submitted By Diarrassouba1
Words: 585
Pages: 3
Open Document
Ninlo Diarrassouba
E-Commerce
Business Article Assignment #2
Dr. Ruppel
02/18/2015

How to Make Your Income Last for Decades in Retirement This article deals with the decisions that all consumers need to make in order to ensure that they retire comfortably. The author of the article states a few steps that we need to start making now to ensure that financial security in our retirement. Step one entails identifying our needs, wants and wishes. We all need to make a plan to determine exactly what age we need to retire at and the steps we need to take in order to reach that goal. Furthermore, we need to identify the type of lifestyle we would like to enjoy during retirement. Our needs include basic living expenses such as food, transportation and medical expenses. Our wants entail leisure activities such as travel, cars, second homes, and vacation. The author describes our wishes as gifts we would want to offer to friends, family, or charity. By planning for our needs, wants and wishes, budgeting for our retirement becomes much easier. Step two is to estimate how long personal savings may need to last. The article states that estimating how long our money will last is perhaps the most vital component in retiring. It helps us make smart decisions about when to start things such as social security, pension benefits, and survivorship benefits. Moreover, creating a timeline will help us decide how to distribute your income across your retirement. We also need to take into consideration how expenses may change over time; for example how our wants may turn into needs. Step 3 is to understand Social Security and Medicare options. Although it is quite uncertain how much one can expect to receive from their Social Security income, the author states that there are different options we can consider to leverage our benefits so that they suit our situation at hand. If one plans to continue to work they should obviously expect a long retirement. Delaying Social Security up until 70 increases your benefit amount in retirement. Step four is to develop a strategy on how and when to withdraw your money from a portfolio. The article states that portfolio compositions
Show More

Related Documents: How To Make Your Income Last For Decades In Retirement

Article Summary 2 Essay

Daniel Hurley and Paul Kwon (2011) define “savoring the moment” (savoring) as the “propensity to focus on and enjoy past, current, and future positive events”. This is accomplished through behavioral means (laughing and smiling), sharing the positive experience with others (which correlates to increased levels of life satisfaction), and by cognitively storing the memory for future recall (Hurley & Kwon, 2011). Additional research has linked savoring with increased sense of present happiness, percent…

Words 390 - Pages 2

Current Event Project IDT Essay examples

be current! Presenters MUST fully explain the article to the class, as if you were the teacher. Current events MUST NOT be duplicates. Current events must come from articles that you have read and gained knowledge from. Along with the original (a copy is acceptable) article, printout, or picture, please provide a written summary in MLA format that includes: Your name, date, class period, and Title of your article Source of information A short summary 1 paragraph (6-8 sentences) of the newsworthy…

Words 556 - Pages 3

blue prints pamely Essays

HOW TO WRITE A SUMMARY When writing a summary of a published article, your job is to show that you have understood what the author is saying and to accurately present only the main information from the article. In the summary, you do NOT include your own thoughts. The key to writing a strong summary is to UNDERSTAND the original article. Below are the steps to follow: 1. Read the article closely. Your job is to understand the following: a. What issue does the article discuss? b. What is the writer’s…

Words 1030 - Pages 5

Critical Comparison of Two Articles on the Same Subject Essay

Comparison Essay: Comparison of two sources For this assignment you will critically read and analyze two articles on the same subject and compare and contrast them. Length: The essay should be 3-5 double-spaced pages. The majority of the paper should be the comparison of the sources. You will also need a Works Cited page. A critical comparison of two different authors on the same subject can be most enlightening. This is an activity you will be doing informally whenever you are doing research…

Words 1040 - Pages 5

Essay on Literature Review in Research

Literature Review in Research: An Annotated Bibliography Jennifer McKissick March 2, 2015 HCS 465 Fouza Yusuf For years teen pregnancy has been a problem in many countries. Here in the United States teen pregnancy has raised, with no help from programs like Teen Mom on MTV and the National Geographic’s channel. Most people see a dramatic version of what it might be like with the cameras on, but when the cameras off, life takes a completely different turn. You do not have anyone paying…

Words 454 - Pages 2

PSYC 100 Assignment Essay

better consumers of psychological information, (2) gain experience looking up, reading, and interpreting scientific research, (3) apply critical thinking skills to a psychological topic, (4) learn to write in APA (American Psychological Association) style format, and (5) have an opportunity to read more about a topic that interests you. The assignment has 2 main components (a brief summary of an article in popular press, and an evaluation of the article using scientific research and references). This…

Words 1149 - Pages 5

ACC 202 Week 3 Assignment Problems Essay

transactions in the problem. Respond to at least two of your classmates’ postings ACC 202 Week 2 Assignment Article Summary Article Summary. Access and read the ProQuest article: Van der Merwe, A., Thomson, J (2007, February). The Lowdown on Lean Accounting. Strategic Finance, 88(8), 26-33. Write a 1 to 2 page summary of the article and submit to the instructor by the end of Day 7. ACC 202 Week 2 Assignment Week Two Exercises Week Two Exercises. Complete the following exercises from Chapters…

Words 736 - Pages 3

Essay on Leadership: Mental Health and Article Citation

Name: Katherine Krese ! Pathways Worksheet Public Policy Public Policy Issue #1 Summary: This year it is estimated that 90 of Albemarle county’s neediest 4 year olds will enter Kindergarten without any preschool experience all because their families were left out of the waiting list. Experts say “children who aren't school ready are less likely to compete in high school and are also likely to cost school divisions more money.” To me, this isn't fair at all because its not a child’s fault that…

Words 818 - Pages 4

Social Change Essay

Research, Theory, Design and Methods Eight Article Annotations for Research on Home Schooling as an alternative to large classrooms Article #1: Duvall, Steven F., Delquadri, Joseph C.,Ward, D. Lawrence (2004). A Preliminary Investigation of the Effectiveness of Homeschool Instruction Environments for Students with Attention Deficit/Hyperactivity Disorder. School Psychology Review. Vol. 33 Issue 1, p140-158. Education Research Complete. Summary: Duvall, Delquadri & Ward (2006) explored…

Words 1270 - Pages 6

Essay on Shhh

Summer Session 3 (2012) Summary: Is Popular Culture Good for You? Length: 1-2 pages (double-spaced with proper header, a descriptive title, and a Works Cited entry) Source: David Crystal’s “2B or not 2B” Due: End of class period, Wednesday, June 13th Percentage of Final Grade: 10% Objective: Write a summary of Crystal’s essay “2B or not 2B.” Use a template from They Say, I Say to begin your summary. Make appropriate rhetorical “moves,” such as integrating…

Words 2150 - Pages 9