Money Matters, Simplified.

Retirement

Not Just Another Stupid New Year's Resolution Article

I have a love-hate relationship with New Year's resolutions.

On the one hand, the idea that I can use a change in the calendar as a springboard to rework my approach to life is very seductive. Of course, I never set modest -- or even remotely reasonable --goals: Starting tomorrow, I'll devote all of my nonwork time to exercise and language study, and by the end of the year I'll be fluent in French and an accomplished long-distance cyclist. And next year I'll ride the Tour de France!

9 Retirement Killers

Retirement is the No. 1 goal of investors. Yet, looking at the numbers, it's clear that many investors are undermining their good intentions with unfortunate actions. Here are nine mistakes to avoid if you want your retirement dreams to become a reality.

The 3 Things You Need to Retire

First the bad news: The conventional retirement system is rapidly falling apart. Social Security doesn't expect to be able to make all of its expected payments starting in 2041. Many of the companies that still have pension plans are either cutting them back or eliminating them entirely.

The Worst Mistake You Can Make

Fifty-six percent of eligible employees participated in defined-contribution plans in 2006, according to a Fidelity Investments survey reported in The Wall Street Journal. That figure is down a bit from the year before, when 56.9% participated.

A Disastrous Retirement Scenario

A Sicilian man recently lost his primary source of income and access to his home. At 61 years old, this was a tough break, and, sadly, he needed police intervention to get his life back to normal.

The End of Retirement

Tired of reading about America's retirement woes? Then I have an alternative for you: Watch a TV show about them. Heck, you don't even have to move to your TV -- you can watch it on your computer, from the comfort of your own desk chair. The particular program I'm talking about is an episode of the PBS series Frontline titled "Can You Afford to Retire?"

Gifts for Your Future Self

For many of us, this time of year can be both a joy and a burden. Planning great gifts, welcoming out-of-town relatives, dealing with unruly crowds at the mall, dreading out-of-town-relatives ... whether it's good or bad for you (and for most of us, it's a bit of both, truth be told), it's a busy, whirlwind time.

Prepare for a Gruesome Retirement

It's time for some tough love. After all, I want you to have a comfortable retirement doing things that you enjoy and have always desired. That may mean dining in fine restaurants, traveling to the Galapagos Islands to see blue-footed boobies, or taking your grandchildren to Hershey, Pa., to eat chocolate to their hearts' content -- then coming home from these activities to your spiffy retirement community.

Why You Can't Plan for Retirement

By Doug Short

"Me first!"

"I've got shotgun!"

"Looking out for number one!"

These catchphrases reveal two aspects of human nature:

But because we spend most of our lives living for today, with ourselves at the center, our prospects for a secure retirement are dim.

The Best Way to Fund Your Retirement

My fellow Fools and I spend a lot of time talking (and writing) about the process of saving for retirement. It's a confusing, challenging endeavor for many -- if you're new to investing, or don't have a lot of exposure to the basic concepts, picking your way through a 401(k) plan's options or setting up an IRA can be daunting. For some, it's so daunting that they don't do it, or put it off indefinitely, and they let years slip by before they start saving.

Win the Retirement Race

Planning for retirement usually takes a lifetime. Along the way, you'll encounter plenty of distractions that can take you off the shortest path to financial independence. To reach the finish line, you've got to train yourself to avoid those distractions and keep moving forward.

Can You Ever Retire?

Some people live for their jobs. I just don't know any of them.

For the rest of us, work is a means to support ourselves and our families. If you're in that group with me, you've probably asked yourself whether you'll ever be able to retire -- and if so, when.