Comments on: Having Enough Money for Retirement

By: Rick Kahler

Rick Kahler — Wed, 18 Nov 2009 15:49:36 +0000

Richard, your comments are spot on, as usual! Health care costs are often left unaddressed in most financial plans….and, with the current upheaval going on in Congress over the health care industry, it’s difficult to forecast today what health care will look like, or cost, in the future. However, we play with uncertainty at every stage of the planning process….we’ve been doing the same guessing game with the estate tax credit.

By: richard trachtman

richard trachtman — Wed, 18 Nov 2009 15:44:09 +0000

Good advice. I would add that there are, for most people, two stages of retirement: the early retirement years when many people are still healthy and vigorous enough to be active (and desire enough income to trave or do other things) and the later stage when old age and, perhaps, illness are likly to limit independence and require money for the help necessary to remain independent or even the cost of nursing homes or rehab centers. People should ask themselves who will take care of them in this later stage. Will they be able to afford to move into an assisted living community or hire aids to do things like shopping, bathings etc? Long term care insurance is another important consideration, especially if one has a spouse for whom protection of assetts is important. When one considers these possibilites the question of “What is enough” takes on added meaning and meerly being “fiancially sound” or even “affluent” in the present may not be enough to meet future needs.

By: Pro2ProNetwork

Pro2ProNetwork — Mon, 16 Nov 2009 16:12:50 +0000

I agree with your article…great advice. I think as people try to save for their retirement it is best to ask yourself what is enough? From there, you can figure out ways to save and start cutting back sooner than later or working out a savings plan now.