January 14, 2011

3. Lay Out A Retirement Investment Plan – And Stick With It

Two quotes to hang your hat by:
People don’t plan to fail, they fail to plan.
If you don’t know where you’re going, than any road will get you there.
If you don’t have a plan or don’t know where to start than read:

5 Short Term Retirement Planning Steps

1. Increase Cash Reserves
Applying for pensions and social security, as well as setting up withdrawals from IRA’s and 401(k) plans, takes time. Retirement planning means expect a glitch or two along the way. Prepare for delays by having extra money tucked away in safe investments; things like savings, checking and money market accounts.

2. Estimate How Much Money You Need To Retire
Develop an accurate estimate of the amount of money you spend, and the amount of income you will have each month. Although boring, this is the most important retirement planning step you can take.
Here’s how to do it:

Take out a yellow pad and write down the following: your current take- home pay and your current monthly expenses. Don’t forget about variable costs like recreation, home improvements and vehicle repairs.

Then write down the monthly income that will be available from pensions, social security and IRA/401(k) withdrawals. Is this number close to your current take home pay? If not, you have four choices: spend less in retirement, save more now, work a few extra years, or earn a higher rate of return on your investments.

3. Evaluate Tax Consequences

Will you be in a lower tax bracket in a few years? Then be sure to maximize tax deductible contributions now.
Are you thinking about moving? You may be able to receive $500,000($250,000 if single) of capital gains from the sale of your primary residence tax free(subject to applicable IRS regulations).
Do you have company stock that needs to be diversified? Plan for the amount of tax that will be owed the year you sell the stock, or spread the sale over several calendar years.

4. Diversify Your Investments

Watching your portfolio go up and then back down again is never enjoyable, but in the end, as long as you end up with a big enough pot of money, it doesn’t really matter how you got there.

Once you are retired, however, it’s a different story. When you are taking regular withdrawals from a portfolio, volatility has a much greater impact. Reducing the up’s and down’s can significantly increase the odds that your money will last through your life expectancy.

Spend time figuring out what mix of investments will achieve the rate of return you need while having a level or risk that is reasonable for you. The risk/return characteristics of your portfolio will determine how much income you will have, and how long it will last.

5. Educate Yourself

Although it is advisable to seek professional guidance, the truth is no one will ever care about your money as much as you do. Take the time to learn about retirement planning and investing.

Some suggestions: attend an investment class at the local community college, take an online investment class, read a book – or two or three, and use the internet to learn. You spent a significant amount of your life earning this money; now it’s time to learn how it will earn for you.

4 Steps To Determine How Much Money You Need To Retire

Determining how much money you need to retire will require careful scrutiny of your spending habits as well as a bit of number crunching. The most important step you can take to determine how much money you will need to retire is taking the time to come up with a realistic estimate of how much you will spend each year in retirement.

Once you have an estimate of your retirement expenses, you can use online retirement income calculators to help you with rest. Whether you use an online calculator or you crunch the numbers by hand, here are the steps you will need to go through to determine how much money you need to retire.

4 Steps To Determine How Much Money You Will Need To Retire:

1. Estimate Your Retirement Expenses
To determine how much money you will need to retire, you must first estimate your retirement expenses; how much you think you will spend each year in retirement, including an estimate of taxes you will pay on retirement income. Here is a guide to help you through this process.

2. Figure Out How Much Retirement Income Will Come From Guaranteed Sources
One of the steps you will need to take to determine how much money you will need to retire is to figure out how much retirement income you will have from guaranteed sources. You will then compare that to your estimated retirement expenses.

3. Calculate The Gap Between How Much Money You Need To Retire And The Amount Provided By Guaranteed Sources
The third step used to determine how much money you will need to retire is calculating the gap between retirement expenses and guaranteed sources of retirement income.

4. Factor In Inflation And Life Expectancy In Your Retirement Analysis
Variables like your rate of return on investments, life expectancy, the affects of inflation, and your willingness to spend principal will all have a big impact on the amount of money you will need to retire. To account for these variables you will want to develop both a best and worst case scenario.

Once you have your overall retirement plan, then you lay out your investment plan. When it comes to the investment portion of your plan, remember, there are numerous ways to get from point A to point B. The key to success is KISS – keep it simple, stupid!
Think of your investments like employees; each has an assigned task. Your growth investments have 10-15 years to accomplish their task. If a few bad years in the market come along, and you interrupt them, they will never accomplish their goal.
You must understand the time frame associated with each piece of your retirement investment plan, and let it do its job.

Generally regarded as the best hotel in the North near Manila as well as the top beach resort in Clark, Clearwater maintains a consistent standard with respect to products and services. This hotel in Pampanga may not be a 5-star resort but visitors from Manila going to Angeles City and Clark Freeport regard Clearwater as the number one location for family outings as well as the best event venue for company outings, weddings and other events.

Comparison of crime rates between Philippines Angeles City and Clark Pampanga sheds light on the difference between the twin cities of Pampanga. Regular guests of Angeles City Hotels begin to migrate on base into hotels inside Clark Philippines not only for peace and quiet but peace of mind and a sense of safety and security.

The beach resorts, leisure parks and vacation hotels in Clark Pampanga offer a unique ambience that supports a laidback relaxing lifestyle. Many visitors travel north to Clark Pampanga from Manila to unwind and relax in these resorts.

To many visitors from Manila, a good hotel in Pampanga must be located in a city that is safe, clean and not so noisy. This hotel in Clark Philippines really fits those criteria. The location is convenient for visitors to go out of town from Manila in a short getaway with family and friends traveling north to Angeles City Clark Pampanga. Traffic along the North Expressway NLEX is always light and the new Subic Tarlac Clark Expressway ScTex takes visitors straight into Clark Freeport without going through any towns and cities along the way.

Guests enjoy spending time relaxing at Frolic Garden of this hotel in Clark Pampanga. There is a special feeling in this hotel in Clark Philippines makes you slow down and enjoy the ambience. Children like playing in the Family Cove of this Clark resort hotel. Hotel guests prefer Clark over Angeles City, Subic or hotel in Manila. This hotel in Clark Philippines has style and character. Guests often come back again to relax and enjoy the beautiful ambience of this hotel in Clark Pampanga.

To inquire with the beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com

For inquires and reservations, contact us here

Hotel Clark Philippines
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

http://www.HotelClarkPhilippines.com

Email: Info@HotelClarkPhilippines.com

Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

YATS Leisure Philippines is a HK-based developer and operator of clubs, resorts and high-class restaurants and wine outlets http://www.YatsLeisure.com

To inquire with the beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com