Home » Finance » Investing

Prepare for Your Perfect Retirement

Apr 9, 2008
During the Great Depression of the thirties the plight of the senior citizens, and also of a large proportion of the unemployed, became acute. Legislation was framed, introduced, and finally passed. Old Age and Survivorship Insurance had become a reality. One aspect of its operations will bear further scrutiny.

Planned Retirement

What is not generally known about OASI is that it was not designed to provide a complete and sufficient series of payments to permit "living off retirement income"; it was designed to prevent dependency and destitution and also to assist the unfortunate widow in the rearing of her children.

The implication here is that the citizen should and must have practiced at least some measure of thrift, so as to have accumulated at least a small amount of supplementary financial backing of his own. This should have taken the form of a home owned outright, or perhaps other income obtained by proper planning and farsighted investment.

Saving and Planning

This is the heart of any retirement program, for the program cannot be put entirely into effect unless: (a) systematic saving in some form has been practiced; (b) farsightedness has been employed so as to ascertain future financial needs and how to meet them.

It has often been remarked that there are many people who find it very difficult to save regularly. It is for them in particular that we suggest the use of some "forceful" savings arrangement. This may take one of the following forms: (a) automatic bank savings, whereby the bank will periodically transfer a certain amount from the commercial into the savings account; (b) regular purchase of U. S. Savings Bonds, perhaps by pay-roll deduction; (c) regular purchase of other bonds and/or stocks; (d) purchase of an annuity, even by installments.

It must be emphasized at this point that the wherewithal for carrying out planned retirement without worry is money and the way to save money is to accumulate it in some form or other and surrounding it by a restraining wall so as to prevent its use for any other purpose than that for which it was originally intended. Social security or other pension plans are made possible by enforced deductions from pay-roll checks. Should you want more than this minimum, then you must also provide some form of enforced deduction which will not be left to chance.

Government Bonds

United States Savings Bonds may be purchased regularly by pay-roll deduction. They present a very high degree of safety and provide a compounding of interest feature which is valuable. Recent changes in their characteristics provide that they need not be redeemed at the expiration of their normal period, but may remain untouched for an additional period.

Still another alternative is to exchange them for government bonds which will provide regular interest payments semiannually. This means that a citizen of fifty may embark upon a program of regular purchase of these bonds with the expectation that those purchased in the beginning may be left undisturbed until the retirement date approaches.

We often hear the stated objection that such bonds do not guard against inflation. Granted - but neither do any fixed-dollar obligation. Even cash put into a strongbox is subject to the same inflationary trends. While the inroads of inflation are to be deplored, there is no dodging the fact that we cannot entirely avoid them. Nevertheless, the purchase of U. S. Savings Bonds combines saving with investment in a simple and very attractive package deserving of serious consideration.

As a "painless" way to provide future additional income it would seem that this expedient might easily be a part of the planned retirement of many.

With a little planning and forethought, you will have enough money to enjoy your retirement.
About the Author
Who Else Wants An Easy-To-Use Guide To Successful Stock And Bond Investing?

Click Here For Free Online Ebook
http://www.stockandbonds.org/
Rating:
Please Rate:
(Average: Not rated)
Views: 297
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources