How Could the Current Market Volatility Impact Baby Boomers' Retirement Portfolio?

If you are one of the millions of baby boomers set to retire this year the following PR Newswire report should interest you. The report points out to you where you can get answers to your questions. So keep on reading.

Retirement and Social Security Q&A 2

I mentioned in my first Retirement and Social Security Q&A that social security formed a major component in one's retirement planning. It was also reported that social security represented 39% of a typical retiree's retirement income.

And as we are still fresh into the New Year, any questions on New Year's resolution are certainly most appropriate and welcomed. In the following report, this question pertaining to New year's resolution was recently asked together with another social security question from a married couple. So readers, enjoy your reading!

Tips For a More Financially Fit 2008 and Your Retirement Nest Egg

I find the following financial tips very apt and relevant to my last posting on New Year Resolution and Retirement. Follow these tips and not only will your financial position improve, your retirement nest egg will also get a healthy boost as well.

I particularly like tips no. 1 & 2 whereby you are advised to save more and spend less. In my opinion these two are the pillars of your retirement planning and should be included in your retirement arsenal or tools. So readers, enjoy the following article and Happy New Year.

New Year Resolution and Retirement

The year 2008 is here now and we are one year nearer to our retirement date; that is if we are not retired already. And most, if not all of us have already equipped ourselves with the usual New Year resolutions. Though I don’t really subscribe much for New Year resolutions, there is no better time than the beginning of a fresh new year to set your intentions to create your life the way you truly want it to be – and that includes the retirement lifestyles that you want. Presumably, you already have reviewed your retirement goals and objectives and already set up your own retirement plan to make it happens.

As it is, 2008 promises to be quite an exciting year for our American colleagues. There is at least a couple of developments that just or in the process of taking place that will have a bearing on retirement for retirees. Firstly, 2008 marks the first year that the first baby boomer starts to retire. The retiring baby boomers, the first of whom should have started retiring on January first, 2008 will bring wide-ranging effects on society - from economics to politics (see my blog on Retirement and Baby Boomers).

The second changes concerning retirement that will have an impact on the American population is the new law that went into effect on Dec 24, 2007 that makes it easier for employers to automatically enroll their employees in 401(k) and other retirement plans. To me, that is good news. All employees are going to benefit more, as more savings can be pumped into non-designated savings, which normally yield better returns. Granted it is a little bit risky but potentially more beneficial for all contributors. The provision, part of the Pension Protection Act of 2006, basically will help many more workers and their families build a nest egg for a secure and comfortable retirement.

With the two mentioned developments taking place in 2008, it would be interesting to see how 2008 will hold for us - both retirees and those still working alike.