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When someone is considering retirement, they generally do not think about everything that this would entail. Most people are not aware that only a small portion of their income for retirement will come from the government. This is usually only about 30 percent. Another 30 percent would come from the employee pension plan but most individuals do not have a pension plan. In this case, 70 percent of retirement income would have to come from the individual's investments. Which is why is in necessary to understand how a registered retirement savings plan (RRSP) actually works.

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Tags: bank, finance, financial planning, investment, money, personal finance, Registered Retirement Savings Account, retire, Retirement, retirement planning, RRSP, save for retirement, savings

Everyone has a 401k and everyone seems to follow the basic 401k tips which tell them to to invest all their money into the plan for the long term and hope for the best. But, that is as far as most people go. They do not take the time to learn about their plan and try to figure out how to get even more out of it.

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Tags: 401k, 401k plans, finance, invest, investing, personal finance, Retirement, retirement planning, wealth building

Listening, today, to CNN, it's been reported that the fastest growing component of the workforce is folks over 75. This is an outgrowth of inadequacy in Social Security benefits and shrinking pension payouts.

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Tags: golden years, pension benefits, Retirement, retirement income, retirement planning, retiring, senior employment, seniors, social security