Retirement Readiness

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Dictionary Says

Definition of 'Retirement Readiness'

The state and/or degree of being ready for retirement. Retirement readiness typically refers to being financially prepared for retirement, or the degree to which an individual is on target to meet his or her retirement-income goals so that the standard of living enjoyed while working will be maintained after retirement.

Investopedia Says

Investopedia explains 'Retirement Readiness'

Although retirement readiness depends on each person's financial situation, many financial experts believe that retirees need between two-thirds and three-quarters of their pre-retirement income in order to maintain the same standard of living in retirement as they enjoyed when they were working. 

Financial readiness is only one part of being ready for retirement. Being prepared mentally, socially, emotionally and physically are also important; you need to take part in activities that will satisfy these aspects of your life. Knowing where you will live, when you will retire and whether you will go back to work or school are all important aspects of financial readiness.     
Search results for

'Retirement Readiness'

  • How Retirement Attitudes Of Baby-Boomers And Gen-Xers Differ ...

    http://financialedge.investopedia.com/financial-edge/0212/How-Retirement-Attitudes-Of-Baby-Boomers-And-Gen-Xers-Differ.aspx
    ... However, there are also differences, some of which have led to different
    levels of retirement readiness and retirement savings. ...

  • 4 Retirement Reality Checks - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1009/4-Retirement-Reality-Checks.aspx
    ... McKinsey & Co., a global management consulting firm, recently developed a retirement
    readiness index to determine how financially prepared households are for ...

  • 5 Ways To Stretch Your Retirement Budget

    http://www.investopedia.com/articles/retirement/07/stretch_retirement_budget.asp
    ... While there are many free calculators available on the internet that promise to
    provide an assessment of your retirement readiness, these generally do not ...

  • Retirement Savings Tips For 25- To 34-Year-Olds

    http://www.investopedia.com/articles/younginvestors/06/tips25to34.asp
    ... to any age group. When planning for retirement, your fiscal readiness will
    be more important than your age. As such, the actions ...

  • Biggest Expenses For Retirees - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Biggest-Expenses-For-Retirees.aspx
    ... When determining retirement readiness, individuals should work with a competent
    financial professional to perform a comprehensive assessment. ...

  • Conduct A Financial Intervention

    http://www.investopedia.com/articles/pf/08/financial-intervention.asp
    ... November 26 2008 | Filed Under » Credit Cards, Personal Finance, Retirement. When
    most people think of an "intervention" they imagine a group of friends and ...

  • 5 Signs It's Time To Retire

    http://www.investopedia.com/articles/retirement/10/signs-ready-to-retire.asp
    ... December 06 2010 | Filed Under » Personal Finance, Retirement. Once upon a time,
    the American dream meant owning a small piece of land with a house and picket ...

  • Retirement Saving Tips For 65-Year-Olds And Over

    http://www.investopedia.com/articles/retirement/07/tips65plus.asp
    ... (For more on assessing your financial readiness for retirement or to view other
    age brackets, see Savings Plans For Minors, Retirement Savings Tips For 18- To ...

  • You CAN Retire In A Recession

    http://www.investopedia.com/articles/retirement/08/retire-in-a-recession.asp
    ... (See A Pre-Retirement Checkup and Stretch Your Savings By Working Into Your 70s
    for some helpful tips on checking your retirement readiness.). ...

  • Retirement Planning For 30-Somethings: Introduction | Investopedia

    http://www.investopedia.com/university/retirement-30
    ... Regardless of your state of readiness, your retirement planning strategy should
    be reviewed periodically to determine if any changes should be made. ...

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