10 Ways to Pay for Retirement

As if there weren't enough pressures on you when you are in your 40s, but in today's world you need to also be thinking about how you are going to pay for retirement. U.S. News writer Emily Brandon has compiled the "Ten Ways to Pay for Retirement" including:

#7. Half of all nonretired adults (50 percent) expect that a part-time job will be a minor source of retirement income, with 18 percent thinking it will significantly finance their retirement, Gallup found. Yet only 20 percent of current retirees say continuing to work is even a minor source of retirement income.

Of course by the time today's 40-50 year olds retire we'll probably need at least 20 ways to pay for retirement instead of just the 10 required today.

Humor aside, LifeTwo believes this number will increase as the next generation of retirees works not just for the money but because they enjoy remaining active. The ability to work part-time (say consulting for people you enjoy being with) is reward enough and has the added benefit of assisting with the ever-increasing costs of retirement (anyone want to guess what medical costs will be in 20-40 years?).

The Free Money blog has the list along with their commentary.

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Hat tip to our friends at the Boomer Files for finding this.

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