Retirement calculators are not all the same. Continuing to work after retirement can have a very positive impact on your retirement savings. Make a post retirement job part of your retirement planning. Use the right retirement calculator in your retirement planning.
As a part of your retirement planning, have you considered a post retirement job?
Continued income from a post retirement job can have a very positive impact on your retirement finances.
Let’s do a fast calculation to see the positive impact of a post retirement job. Let’s calculate the amount of investment that you need to generate a monthly income of $1,000 per month.
To do this we must make a few assumptions. Assume the income generation rate of your investments is five percent (5%). Let’s assume that we are not going to take any principle from your investments to do this. This will leave the principle intact for use later after you have stopped working in your retirement job.
The calculation is how much principle is needed to generate $12,000 per year ($1,000 per month). The formula is principle divided by the income interest rate ($12,000/.05 = $240,000). I think you will agree that is a large amount necessary to generate $1,000 of income per month.
However, a thousand dollars per month is not too large an amount to expect to make in a post retirement job. Just look at the impact that it has on preserving your retirement investment.
A retirement calculator can help you determine the impact of a post retirement job on your retirement finances. Be cautious of the retirement calculator that you select.
When looking for a retirement calculator to help you calculate the impact of post retirement job income, don’t bother to look on investment company websites. Those calculators do not use retirement income in the calculation. Why? With post retirement income, a calculator will show that you do not need to save (and invest) as much as you do when you do not receive income from a job after retirement. The investment companies want you to invest as much as possible. The more you invest, the more they earn.
I have researched many retirement calculators on the Internet. These are three that I found that include income from a post retirement job.
AARP Retirement Calculator
EBRI Calculator
MSN Calculator
Use these calculators to determine the impact of a post retirement job on your retirement finances. I think you will be pleasantly surprised at the outcome.
In closing, a recent survey taken by Beyond.com showed 86% of Beyond.com professionals planned to work beyond retirement. Are you part of that number?
I wish you a great and productive retirement.
Copyright 2007 John Howe, Inc.
A Great Retirement Job - Consultant
Becoming a consultant in retirement can be a rewarding retirement job. It can be rewarding both in self-fulfillment and in additional income.
You have worked for years at your full time job and you have developed experience and knowledge that will be invaluable to other people. Now it is time to take advantage of all that accumulated knowledge and create retirement income at the same time.
When you really analyze what you must do, you realize that YOU are what YOU are selling.You must market yourself and convince others that you have the answers to their problems; that you have already faced the problems and conquered them.
One of the best ways to gain respect is to publish articles about your area of expertise. When you include “author” in your bio, you immediately command additional respect. Start by publishing your articles on href="www.ezinearticles.com">www.ezinearticles.com
In my opinion, it is the premier article site on the Net. Once your article is accepted and published on Ezinearticles, you can easily publish it on over 100 other business article sites. You can do this yourself or there are services that will do it for you for a very reasonable price. At the end of each article, your bio will point back to your website. Just think of the exposure that you get from one article published on over 100 business article sites.
If you are not already a published author, you will find that publishing on the Internet and being able to include "author" in your bio brings you added respect. This is expected of a consultant.
Consider establishing a blog and post to it frequently. This is a very quick and easy way to establish yourself on the Internet. It can be very effective in attracting attention to your consulting business.
Publishing a newsletter is a good way to gain exposure. Write articles that give your subscribers tips and current information in your area of expertise.
The most important thing that you can do is have your own website. You can build a website to describe your experience and area of expertise. This will show your prospective customer who you are and how you can solve his/her problems.
Having a website tells the world that you are serious about your business. It tells your readers that you own your own piece of Internet real estate.
You say, “I don’t know anything about building a website.” Well, it is not as hard as you think if you have the right tools. You need to do the research to find the right web host to make your website successful.
You need a website that sells a service which is what you as consultant are selling. You can provide this service in your local area or to a global market. The Internet allows you to do both. We all know about the global reach of the Internet. On a local basis, the Internet is rapidly replacing the yellow pages for locating consultants.
These are just a few suggestions. Let your imagination run wild and think of other creative methods of attracting customers to your new consulting business.
Your job is consultant, not webmaster. You should not become bogged down in the technical details of building and managing a website.
For more information and a free Masters Course on creating a website to sell yourself as a consultant, go to http://www.retirement-jobs-online.com/consultant.html
I wish you good fortune in your endeavors as a consultant.
Copyright 2006 John Howe, Inc.
Tips for Planning the Perfect Bedroom
When planning the perfect bedroom, many people want something unique to them. Bedrooms are meant to be a refuge and should display a comfortable, inviting environment. A special way to create this space is to furnish it with rustic log bedroom furniture. Log bedroom furniture is easy to combine with multiple colors and styles of d飯r. There are also many types of log bedroom sets to choose from.
In terms of one of the most popular styles of log furniture, many people enjoy the aspen bedroom furniture log construction. Furniture made with aspen wood has proven itself to be durable and beautiful. Log beds aren?t the only type of log furniture made. Whole bedroom sets are available in this beautiful, natural style. In addition to choosing the log bed of your dreams, many pieces come with the option of including a matching log chest, log night stand, and a log dresser. Owning the entire set brings continuity to your bedroom. In order to create the total country log look you may want to consider a log armoire. These versatile pieces do more than just look pretty; they add storage for clothes and provide an interesting and functional focal point in the room. A rustic log armoire with its beautiful and long lasting finish adds a touch of the great outdoors. Nature lovers adore this look in their homes and bedrooms.
Imagine relaxing after a hard day in a sturdy, comfortable, and masterfully crafted log bed. Your bedroom will truly become a haven of relaxation and comfort.
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Ryan Gledhill is the owner of www.justlikedadsfurniture.com. He grew up in the Rocky Mountains of Utah and has an affinity for the outdoors and all things rustic.
