Carnival of Retirement – First Edition

By | January 9, 2012

Welcome to the First Edition of the Carnival of Retirement. If you want to submit a post for next week’s edition, please use the submission form. Next week’s edition will be hosted by Retire by 40.

The first edition of the carnival seems to have been a huge hit on the first week! We had a lot of entries, some of which were not related to the idea of retirement. I decided to leave all the articles that could contribute towards one’s retirement. Some are explicitly directed towards retirement, while others are more about long-term investments.

At this point, I am not sure if every host will feature an editor’s picks, but here are the best of the best. The top 5 articles:

  1. Retirebyforty from Retire By 40 published Consider Co-housing for Retirement, saying, ‘Co-Housing is a planned community with the goal of creating a great neighborhood with a lot of social interaction. There are no staffs and residents have the option to spend a lot of time together in the great common area. This would be great for retirement because of the built in social interaction.’
  2. “Ashley from Money Talks Coaching published Sending a Little Extra to Retirement, saying, ‘My husband and I found ourselves in the fortunate position to get rid of our $70 a month cell phone bill. To me, the financial nerd, the most exciting part of that is the fact that we can actually get rid of a bill. You don’t get that chance very often. So we have decided to put that $70 a month into our Roth IRAs.'”
  3. LaTisha from Financial Success for Young Adults published How to Designate a Beneficiary, saying, ‘Have you taken the time to choose who will receive the balance of your retirement accounts when you pass? Setting a beneficiary can help the process of transferring go much more smoothly.’
  4. Peter from Bible Money Matters published Top 10 Ways to Catch Up on Retirement, saying, ‘Life is full of important milestones. From an early age, we start to anticipate these major shifts and how our lives will change. . Perhaps the biggest shift is into retirement. It is prudent to prepare yourself, both emotionally and financially for this switch. As dull as it may seem now, you’ll be glad to make the preparations you did.’
  5. Andy from My Retirement Blog published Credit Cards and Retirement Planning, saying, ‘With the holiday season upon us many people are running up debt putting their holiday purchases on their credit cards. Running up credit card debt could be hazardous to your retirement plans. If you’re struggling to decide whether to contribute funds to your retirement or pay down your credit card debt, I have some advice.’

All the Other Great Articles:

Hank from Money Q & A published What to Invest in After the Company Match, saying, ‘the real question is where to start and where to go after you get going with your retirement investing. There are several things that you should consider in order to maximize your savings and minimize your tax liability as well.’

SB from One Cent at a Time published Don’t Give Up, Get Even With Your Financial Frustration, saying, ‘Preparing for retirement is not always our number one priority. At the same time we may notice swings in our accounts every day, making it hard to see progress toward their goals. No matter how discouraging retirement planning can be, you should never give up preparing for your financial future’

Paul Vachon from The Frugal Toad published Estate Planning Basics – What You Need to Know, saying, ‘Have you ever thought about what would happen if you became incapacitated or died? What would happen to your home and other assets? Do you have a will and does your spouse know what your final wishes are? An estate plan is a set of legal documents that will make sure that your final wishes are taken care of.’

Matt from RamblingFever Money published Should You Smoke Cigarettes or Invest for Retirement?, saying, ‘Making some wild generalizations and assumptions, this post uses nationwide U.S. averages to compare the lives of two friends. One who chose to smoke for most of his life and the other who chose to invest for retirement instead.’

Doctor Stock from Invest in the Markets published An Investment Strategy for Retirement, saying, ‘Great idea… thanks for including others. Good luck and Merry Christmas.’

Marie from Money Spending Mommy published Pros and Cons of Investing in Stocks Online, saying, ‘Trading online is cheaper and easier than dealing with a traditional brokerage. But it’s important to weigh the pros and cons before you begin. If you’re an inexperienced trader, you might do better to stick with an offline brokerage until you learn the ropes.’

Jackie Beck from MoneyCrush published Improve Your Future in 5 Minutes, saying, ‘There are all kinds of things you can do to improve your future money-wise, but a few are super easy to do. In fact, you can improve your future in about 5 minutes, just by doing one little thing: increasing your 401k contribution.’

Cash Flow Mantra from Cash Flow Mantra published Dividend Income for Fourth Quarter 2011, saying, ‘ I have a multifaceted approach to setting myself up for retirement. Dividends play one part in this plan.’

Kanwal Sarai from Simply Investing published What Are Dividends? Why Should You Care?, saying, ‘Dividends aren’t just something rich people talk about, or a Community Chest card in Monopoly. They are the most consistent and easiest way to gain passive income as an investor. ‘

Miss T. from Prairie Eco Thrifter published Imagining Your Retirement, saying, ‘The first step to achieving your retirement is to figure out what you want in retirement. If you fail to start thinking of your retirement plan now (regardless of how old you are), I think you will fail to achieve your goals.’

Corey from 20’s Finances published Roth IRA – Great Investment in Your 20’s, saying, ‘When trying to find the best place to supplement my retirement plan, I decided that a ROTH IRA is the next best thing. I explain why this is the next best investment.’

Jon the Saver from Free Money Wisdom published Start Thinking Like a Millionaire in 2012, saying, ‘Take these steps and start developing your action plan. Stop stalling and following the crowds, it’s time to start thinking long term in 2012 and achieve your dream of becoming a millionaire by retirement. ‘

Sustainable PF from Sustainable Personal Finance published Why Do Dividend Stock Investing?, saying, ‘Not sure if dividend stock investing is for you or you think it is too risky? Consider the following reasons on why this type of investment tool can help build personal wealth while minimizing potential risks.’

Suba from Broke Professionals published Setting SMART Goals, saying, ‘SMART goals are specific, measurable, attainable, realistic, and timely. SMART goals sets you up to have targets to achieve and ways to measure progress.’

A Blinkin from Funancials published How Does Facebook Make Money?, saying, ‘If you’ve logged into your Facebook recently you may have noticed a feature box above your news feed. If you’re as adventurous as I am, upon your inquisitive click, you were soon face to face with an Indian girl who is much smarter than you. In a very simple video, she introduced Facebook Ads.’

Aloysa from My Broken Coin published What I Did Right and Wrong in 2011, saying, ‘Looking at 2011, I can say that I’ve accomplished a few things I am not going to talk about any salary increase because there was none and failed at some. ‘

KT from Personal Finance Journey published Consider Making New Year’s Goals, Not Resolutions, saying, ‘New Year’s Day and New Year’s resolutions go hand and hand. Americans, tired of all of the overindulgence of the holidays and their bad habits, resolve to change their lives. Check out a different spin this new year!’

Darwin from Darwin’s Money published Social Security Tax Deal for 2012 Explained, saying, ‘Social Security Tax measures were enacted for 2012 which provide a payroll tax holiday to workers up to the FICA cap.’

Eddie from Finance Fox published From Homeless To Successful – The Story Of One Entrepreneur, saying, ‘Despite tough obstacles we encounter in life, we must keep pushing forward. Resources exist to us for taking and making something out of our selves. Whatever your life goal or dream, remember, it’s never too late to get started.’

Amanda L Grossman from Frugal Confessions published The Big Reveal: Did We Meet our Goal of Saving 50 of Our Take Home Pay in 2011?, saying, ‘In a word, no. But what a great experience! I always believe that you should shoot for the heavens because when you miss you will still fall among the stars, and I believe we have, read more to see if you agree!’

Erika from Newlyweds on a Budget published 2011: A Year in Review, saying, ‘January 2011 started off with a bang. We had just paid off our credit cards, I had started my new job and it seemed we were finally getting control of our budget. Then we decided to do a fun money account for Eric. We put separate money into his own account that he could spend…’

Shaun from Smart Family Finance published New Taxes on Health Insurance Premiums in 2012 and Five Ways to Save on Health Care Expenses, saying, ‘The government is levying new taxes on health insurance premiums in 2012. While your health care plan costs will increase, there are ways to lower your bill.’

Julie from The Family CEO published The Power of Using the Snowflake Method to Pay Off Debt, saying, ‘Read how a User uses The Power of the Snowflake Method to Pay Off Debt.’

Kyle from The Penny Hoarder published How I Made $25 by Starting My Taxes, saying, ‘I don’t know if it was an eggnog buzz or my Type A personality, but somehow I found the motivation to get a jump on my taxes over the Christmas vacation. I organized my deductions, scanned receipts and I even uploaded my Quicken data to TurboTax!. Read how I made $25 by starting my taxes.’

YFS from Your Finances Simplified published A 6 step plan to dominate your debt, saying, ‘Do you feel like you’re falling into a pit of debt and it’s almost impossible to claw your way out of that mountain of bills? Instead of sitting on your butt and staring off into space yet again, you may want to try a really simple debt repayment strategy!’

Jacob @ My Personal Finance Journey from My Personal Finance Journey published My Year-End Current Asset Allocation and Net Worth Growth – November-December, 2011, saying, ‘The goal of this running net worth progress series is twofold- 1) to share how Jacob (as a fairly normal non-financial professional) approach various financial issues that come at him throughout life so that you can use his learnings to assist you in your financial decision making (with retirement in mind) and 2) to make Jacob more accountable in sticking to his various financial goals that he set forth by periodically evaluating his status and making adjustments. This post includes updates from the months of November and December 2011.’

Karen Bryan from Help Me To Save published It’s Impossible to Plan Retirement with Personal Pensions, saying, ‘I explain why it’s impossible to plan retirement when you pension value depends on the stock market.’