This weekend marks the first anniversary of Go To Retirement. Over the last twelve months, I’ve published 222 posts on a wide variety of retirement planning and retirement living topics of interest to me and, I hope, of interest to other baby boomers. This blog continues to grow in readership and visitor count which is gratifying. I have also been humbled by the mention of Go To Retirement in both the New York Times and Money Magazine.
First, J. Money at Budgets are Sexy writes about his No. 1 financial goal for each year: Maxing out his 401(k) contributions. That’s certainly an excellent goal to have, depending in part on whether your employer is matching any of your contributions.
Hank at Own the Dollar compares the features and benefits of a 401(k) plan and a Roth IRA. I would add to this analysis the possibility that you can have it both ways if your 401(k) plan allows Roth contributions.
Continuing the 401(k) theme, FFB at Free From Broke is pleased to report a performance turnaround in his 401(k) account. He stayed the course during 2008-2009 as I did, which may turn out to have been the correct decision, assuming that you were properly allocated.
Patrick at Cash Money Life discusses step 4 – investing – of his plan on how to become a millionaire. Let’s hope that being a millionaire in a post-Obama era will be enough!
Mighty Bargain Hunter summarizes his top five ways to kill your retirement dreams. I don’t agree with all of his arguments but they are certainly worth thinking about.
Bucksome Boomer provides her thoughts on where to retire, with particular reference to San Diego and the beach. Unfortunately, San Diego is a great city stuck in an awful state.I like to visit the beach but for waterfront living, I much prefer a lake environment.
SVB at the Digerati Life discusses several ways to determine if your savings rate puts you on track for retirement. For any of the methods mentioned, I would start by creating a retirement spending budget.
JT at The Smarter Wallet reminds us of ways to avoid tax problems in retirement accounts. Obviously, there are a lot of other issues to consider in retirement tax planning but these are a good start.
Money Crush reminds us to consider not just retirement finances but also what you want to do as a retiree. This is so true. I life full of money is still boring if you have nothing interesting to do.
Mike Collins at Saving Money Today has his own thoughts on potholes on the way to retirement. Some of these potholes are of our own making. Others are created by the government, the economy or simple bad luck.
Thanks to all of these writers for their contributions to our retirement planning thought process.
Finally, I want to thank all of you for continuing to read and support my Go To Retirement blog. I look forward to the next year and welcome any comments or suggestions for how your experience here can be improved.