Early Retirement - Dream Or Reality

So you wan to retire at 50 or maybe 55, and can't bear the idea of working past 60. Well, if you are in either a boring or a stressful job, I don't blame you.

But look, if you have a good salary and want a good retirement income you will need to have a nest egg of about $750,000. Of course, it should be in a tax-free or tax-deferred retirement fund like a 401 k or Roth IRA or similar. If you are not saving in one of these, you are wasting money.

Also, you need to make sure that you are not spending a lot of money in fees to maintain that account - over 30 years, if you are paying too much you could actually lose $20,000-$30,000. Giving up coffee at Starbucks will not save that sort of money.

In reality, you will need to save a large chunk of your to retire early, or make a fortune gambling on the stock market, or maybe have a part-time job. Some high flyers are able to save 50% of their salary - they are usually earning over $150,000 a year.

Here are two more ways to save a lot of money:

1. Move to a smaller house and put the money you save in mortgage payments straight into your retirement fund

2. Run an old car, and walk or cycle short distances. Over 10 years, you can save over $50,000 this way.

These two strategies, will certainly help you save a good deal more money than you are now, especially if you make sure that you are not overcharged by your fund managers.

Of course, you need a good fund manager - one who will put you in funds that will do well in good times or bad.

Finally, you can consider swapping the job you do not like for one you would enjoy. That way you would not be in such a hurry to retire!

Rex Truman is the Author of this Article. http://www.retirewhenulike.com

New Move-A-Senior Program Allows Businesses to Help Senior Citizens Move
Senior Citizens with limited financial resources can receive funds to help offset the expenses of moving into senior care facilities. Simple Living For Seniors launches the Move-A-Senior program designed to allow businesses to donate funds to help seniors move from their home and into senior care facilities best suited to their mental and physical needs.

Senior Citizens Find a Helping Hand
It has never been easier to pair caregivers and healthcare providers with senior citizens. The new website www.callseniorcare.com offers easy way for providers to be matched with individuals requiring assistance with everyday living. This innovative new services allows you to pick and choose the proper caregiver for any situation.

Baby Boomers and Seniors Like Chocolate More Than Sex
Chocolate is more important than sex. That was one of the surprising findings from a recent online survey of over 500 Boomers and Seniors conducted by 50Plus Research.

All About the Senior Centers and Related Services For Senior Citizens in the United States
Senior Centers are performing a growing role in helping older Americans to realize greater independence by offering access to the Aging Network and other services Information gathered from these centers on their effectiveness is extremely important