Quotes About Retirement

Every football player knows when his time is up.

There will come a time where I'm not gonna do this anymore. I mean, there will come a time, definitely, where I'll turn into Elvis I'm gonna be fat and fishin', I guarantee you.

I've been on the tour for many, many years. It's time for me to go now, before it's too late.

siguiera recibiendo el sueldo que le correspondía como profesor universitario cuando cumplió la edad de la jubilación

The church is a hospital, to be sure. But that hospital is a MASH unit, not a gated retirement center!

Learn the lessons of history. Don't let how you feel about your tenure at your organization drive you to make poor investment decisions that could potentially derail a successful retirement.

I believe that the biggest mistake that most people make when it comes to their retirement is they do not plan for it. They take the same route as Alice in the story from "Alice in Wonderland," in which the cat tells Alice that surely, she will get somewhere as long as she walks long enough. It may not be exactly where you wanted to get to, but you certainly get somewhere.

The Retirement Savings Drain: The Hidden & Excessive Costs of 401(k)s

The amount that you contribute to the annuity, the length of time before you decide to access your income stream, and your age at the time your income begins are the primary factors that will ultimately contribute to the amount of income you'll receive.

Why would anyone want to invest in mutual funds through an annuity? Because annuity products have special tax benefits, and the money inside can grow tax-deferred, just like a 401(k) or IRA.

The other type of annuity is called a deferred annuity. This simply means you give the insurance company money either in one lump sum or over a period of years, and instead of receiving

an immediate income, your returns are reinvested in a tax-deferred environment so that when you're ready you can, at will, turn on the income stream you want for the rest of your life. You can literally have a schedule for what your income will be when you're 40, 50, 60—for every year of your life.

So in my total portfolio, including both my personal and retirement accounts, about 60% of my assets are in stocks, mostly in Vanguard's stock index funds.

In his report, titled The Retirement Savings Drain: The Hidden & Excessive Costs of 401(k)s, he calculated that the average worker will lose $154,794 to 401(k) fees over his lifetime

So let's recap. Not only will the vast majority (96%) of actively managed mutual funds not beat the market, they are going to charge us an arm and leg, and extract up to two-thirds of our potential nest egg in fees. But here is the kicker: they are going to have the nerve to look you in the eye and tell you that they truly have your best interests at heart while simultaneously lobbying Congress to make sure that is never the case.

The average plan administrator charges 1.3% to 1.5% annually (according to the nonpartisan Government Accountability Office). That's $1,300 for every $100,000 just to participate in the 401(k). So when you add this 1.3% for the plan administration to the total mutual fund costs of 3.17%, it

I said it before, but it's worth repeating: most of today's 401(k) plans allow you to simply "check a box," and your contributions will receive the Roth tax treatment. This decision means you pay tax today, but you never pay tax again!

the number one fear of baby boomers was outliving their savings.

The easiest way to understand this is, it's exactly what Social Security does. With Social Security, you know, you're paying in over your lifetime while you're working, and then when you retire, you get paid back income every month for as long as you live.

It is not realistic to finance a 30-year retirement with 30 years of work. You can't expect to put 10% of your income aside and then finance a retirement that's just as long.

LESSER OF TWO EVILS When I sat down to interview many of the top academic minds in the field of retirement research, I was surprised to learn that they were all in favor of target-date funds.

You've probably heard that old rule of thumb (or what Jack Bogle calls a "crude method"): invest your age in bonds. In other words, subtract your age from 100, and that would be the percentage you should keep in stocks.

America's Best 401k will not only provide you with a free fee analysis but also provide this complimentary benchmark.

The men who think of superannuation at sixty are those whose lives have been idle, not they who have really buckled themselves to work. It is my opinion that nothing seasons the mind for endurance like hard work. Port wine should perhaps be added.