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Hassle-Free Retirement Requires Early Planning
by William Ruhstander
http://www.rxretirement.com

Retirement means many things to many people. Some see
it as the opportunity for a fresh career start. Some see
it as an opportunity for playing more and working less.
Some see it as a time to be with loved ones more often.
Whatever the case, we look forward to feeling like we've
taken back control of how we spend our time and live our
lives.

In the past, you worked for your employer from age 25
until age 65, and you were rewarded a pension which,
combined with Social Security, allowed you to live out
your days in relative comfort. Today, most of us are
expected to work out the details of our retirement
finances ourselves, but we're ill-equipped to do so.
We wonder how to deal with issues of escalating health-
care costs, increasing tax burdens, the uncertainty of
the stock market, and the like. The ideal retirement is
far less certain for most of us that it was for many
of our parents and their contemporaries.

Just about every financial expert goes on record saying
that all of us should save for retirement starting with
our very first paycheck. Most recommend setting aside
ten percent of every check for "rainy-day" and retirement
savings.

Most employers offer some kind of tax-deferred savings
for their employees. These plans are portable, which means
that you can transfer the funds into a similar account
that is funded by a new employer or privately held. Often,
the company you work for will match (up to a point) the
contributions you make from each paycheck. Self-employed
individuals have other options that they can pursue.
Learn more about your retirement funding options from
the human resources department at work, government
publications, insurance and securities salespeople,
tax professionals, and other kinds of financial
planning professionals.

Many retirement plans invest in both securities and
real estate. As an individual, you can fund your
retirement the same way. Income-producing real estate
offers the advantages of being able to borrow funds to
purchase property (thus leveraging your out-of-pocket
investment), having much less volatility than securities,
and providing substantial tax deductions. Disadvantages
include the need to maintain consistent tenancy and
liability for what may go wrong for tenants or others on
your rental property. Before considering investment in
income-producing real estate, consult an expert who has a
track record of profitable real estate investment, and
find out what you need to learn to be able to do the same.

Starting today, set aside some of your paycheck for
retirement savings and investment. Get the education that
you need in order to invest wisely. Get a handle on what
kinds of expenses you're going to need to plan for in
your elder years, and it's possible for your retirement
to be relatively hassle-free!

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