With everything that is going on in Washington I have begun to think more and more about my own retirement. When I worked out in the “real world” I had a 401K that was later rolled over into an IRA when I left that life and my new one began. It is not a large amount and honestly it may be something that are forced to close or borrow against soon. I receive survivor benefits from the Army but with the shut down I may not receive those benefits next month. So retirement planning has pretty much just slapped me in the face.
Those benefits I receive go into my retirement fund and keep us going every month. I earn money blogging but I don’t make as much as most people think us bloggers do and all of us have noticed significant cuts in opportunities across the board. So I am now going over all of our financials seeing where we can cut costs but still have a retirement fund. My goal has always been to never have to depend solely on Social Security when we got older. Since I have worked and paid the longest in here in the US my Social Security would be the bigger amount and even that is not much. Let’s face it, there is no way I am going to enjoy living in a lifestyle retirement village on my social security alone.
That is why I first started a 401K and then rolled it over later. Now I am trying to plan for both the immediate and long term future. Thank goodness for Gentworth because without their retirement information I think I would be lost. With articles full of information like the things to ask my financial adviser and protecting my retirement when and if we need long term care. I am not sure what the next month will bring but I know that I am getting myself prepared and ready to face it as well as those years when I get to do nothing all day (as if!)
![\\\\\\\"\\\\\\\"](\\\\\\\"https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=r2cEh1aAod000d\\\\\\\")
I’ve been thinking about my retirement for a while now.
When I worked (I’m a stay at home mom now), I also contributed. My husband now has a 401 K and various investments.
I am pinching pennies and using coupons to save for retirement. I forgo a lot of things that are not necessary to save money. With the cost of living being so high, you have to start early saving for retirement.
I have a 401K at work that I’ve been contributing to, I really haven’t been doing to much else but I know I need to.
My husband and I have taken our retirement very seriously from the time we got married. My parents didn’t plan very well for retirement. When he got sick with cancer and battles it for 10 years, it drained their savings. So we save as much as we can to make sure we are never in the same situation.
My husband and I were just discussing retirement planning!