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  • "How to Plan for Retirement". A simple guide to help

  • you retire with peace of mind.

  • PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best

  • tips so you can retire with peace of mind...EXP: Hello Professor, are

  • you now an expert on that topic?PST: Of course...EXP: Oh, OK,

  • so you're all ready for retirement?PST: Of course! I'm ready!

  • EXP: So then, you have money saved?PST: Well, not exactly but

  • I have a plan... I will live with my kids...EXP: Living with your family during

  • retirement can be very gratifying, but surely you don't want to be a burden on them...

  • Did you know that people in the United States, on average, live 20

  • years after they retire?In general, people need almost 80%

  • of what they earn in order to live comfortably after retiring.

  • That's a lot of money, so you'll definitely need a good plan in order

  • to get there. OK, don't panic yet. It's never too late to start

  • or even too early. Let me tell you what you should do so that the

  • next time, you can give people good advice. PST: Sounds good.

  • EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing

  • the importance of saving for retirement.The three most common options

  • are: One: Pension benefits, offered by some places

  • of employment.Two: Savings and investments, started by you.

  • Three: Social Security, which is the Federal Governments

  • retirement plan. Now, if you're still working, find out if your place of

  • employment offers a pension plan and how it works. Some companies also offer

  • a 401k plan. PST: Four 01 what? I've never heard of that

  • truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm

  • talking about retirement plans in which, if you save, your company will match a

  • percentage of the contributions you make. PST: Oh, that's like free money.

  • EXP: Exactly. Sometimes you impress me, Professor!In order to plan well

  • for retirement, you must consider what types of expenses you'll have, whether you'll

  • work or not, if you'll have additional medical insurance, or if you'll have costly

  • hobbies, like traveling. There are many things to consider, so you may want

  • to consult a financial expert for help.PST: Yikes, I'm feeling dizzy...

  • EXP: Professor, you can also ask for help and get tips from the

  • following organizations: AARP

  • American Savings Education Council

  • Department of Labor Securities and Exchange Commission

  • Social Security Administration PST: Ufff...I'm feeling a little

  • better now. EXP: Professor, this is all about saving not spending...

  • Better yet, let me remind you to visit or in Spanish at

  • where you can learn more about all of this and

  • other interesting topics for consumers. And remember, you can also order

  • your free "Consumer Action Handbook "...

"How to Plan for Retirement". A simple guide to help

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