How Much Money Do I Need to Retire?

by Kristina on December 17, 2012 · 7 comments

How Much Money Do I Need to Retire? (60 Minute Financial Solutions)

Good Morning Dinks.  If you are like me (in your early 30s) you may have between 25 and 30 years left to work before you retire; but that doesn’t mean you can’t start planning for retirement right now. We work for our entire lives in order to be able to afford the things that we want to buy; we also work to save our money in order to eventually stop working one day when we retire. So let me ask you a question Dinks, what are your plans for retirement?

Planning Your Retirement with Todd Tresidder

Financial Mentor Todd Tresidder helps people plan their retirement as he asks them personal and economic questions to help make sure that their current savings will be sustainable during their future retirement.

Do you know how much money you need to retire? Maybe you are saving as much as you can in order to retire early, maybe you are counting on an employee pension plan to fund your retirement or maybe you are saving any extra money that you have leftover every month in hopes of someday retiring.

There are many decisions that have to be made when you are planning for retirement such as when you are planning to retire, where you are going to retire as well as how much money you will need when you retire.  Some people plan to retire at 55 years old and some people plan on working until they are 65.  Some people are going to retire in warmer climates or relocate to downsize their home and some other people may plan to stay where they are during retirement.  Regardless of when and where you plan to retire all retirement plans require money.

Todd Tresidder’s 60 Minute Financial Solutions

In his new book “How Much Money Do I Need to Retire?” author Todd Tresidder helps everyday people from entrepreneurs to 9 to 5-ers plan their retirement step by step with an easy to use guide. You don’t need to be a financial guru to plan your retirement, you just need a plan. If you plan to retire someday let Todd Tresidder guide you with his new book.

The step by step guide in Tresidder’s book “How Much Money Do I Need to Retire?” will help you determine how much money you need to retire in order to finance the (realistic) lifestyle that you want to have when you leave the working world.  If you have questions about social security, lifestyle planning and retirement myths then this book is for you.

“How Much Money Do I Need to Retire?” by Todd Tresidder is not a long in depth book, but it is detailed and it is also a very helpful resource for anyone who wants to plan their retirement.  If you would like to purchase this book in paperback or as an e-book please visit Amazon.

The Giveaway: Win Your Own Copy of Todd Tresidder’s book

One lucky reader will win a personalized and autographed copy of Todd Tresidder’s book “How Much Money Do I Need to Retire?”

Retirement planning should be easy and therefore so is our giveaway.  To enter for your chance to win a copy of Todd Tresidder’s book just leave a blog post comment below and tell us something about how you are planning for your retirement. You can tell us where or when you plan to retire or you can tell us how much money you are planning to have in retirement. Tell us anything about your retirement planning and you will be entered to win a copy of “How Much Money Do I Need to Retire?” by Todd Tresidder.

Good Luck to everyone who enters.  The winner will be announced on Friday during our weekly roundup.

 

Photo by Amazon

 

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{ 5 comments… read them below or add one }

1 DC @ Young Adult Money December 17, 2012 at 9:36 am

I haven’t thought much about retirement, but one thing I would really like to have is various income streams that will continue into retirement. Whether it is rental income from properties I have bought and rent out or dividend income, I think having some sort of money coming in each month can really raise quality of life in retirement.

2 Victoria Carlson December 17, 2012 at 12:26 pm

To be honest, I haven’t thought about retirement much at all. We do save for retirement through our jobs, but I haven’t even started grad school yet so it is a little difficult to think about retirement when I am not even done with school yet :0 But even when we are retired, like DC said, I would love to have rental income from some properties throughout retirement. Would love to be a landlord, even when I am old :)

3 Christine December 19, 2012 at 12:32 pm

I have been giving this a lot of thought lately, but I do need to educate myself better. As of right now I have jsut been floating along, putting the minimum matched amount away and not really paying attention to what it is doing. I agree with both DC and Victoria that I would like to have multiple income streams, but that is a ball I need to get rolling. Right now I have been weighing heavily the amounts to contribute to my retirement, as well as for my daughters education, these are going to be the big changes I make in the coming year :)

4 Pearl December 21, 2012 at 9:48 am

Thanks for the giveaway. We haven’t been thinking of when we would like to retire but have been wondering if we would prefer a warmer climate!

5 Greg December 21, 2012 at 5:18 pm

With retirement being realisticly at least 30 years away, I started thinking that living to the fullest now makes more sense then pinching every penny to enjoy later in retirement. Probably should find a comfortable balance to make sure we are still saving plenty.

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