Green Retirement Blog

Going Green to help your retirement is what Green Retirement Planning is all about. Here are 2 green ideas that can save you $1500 per month in retirement savings, which after ten years, will bring you $300,000 closer to retirement.

1) Get rid of your house

If you have a big mortgage, moving from your house to an apartment (even if it’s in the same neighborhood), could save you up to a $1000 or more per month towards retirement. And living in an apartment is much more eco-friendly than living in a house. You use less electricity, gas and water, your eco-footprint dramatically declines. You don’t have the expense of maintaining a yard or pool.

2) Get rid of your car

If you don’t have access to public transportation, consider moving to an apartment that is close to public transportation, or to save even more money move within walking or bicycle distance to work. You will save up to $500 or more per month towards retirement. And you will be removing tons of carbon dioxide from the atmosphere reducing your global warming impact.

The retirement savings you can accumulate over ten years with compounded interest, by following these 2 green ideas, is slightly more than $300,000. If you eliminate your mortgage and your car when you retire, you have reduced by $450,000, the amount you need to save for retirement.

Update 9/22/08:  Here’s a video on how people are moving closer to work, in order to save money, maybe it will inspire you to do the same. LINK

This is an example of Green Retirement Planning. Visit our Retirement Planning Website to learn more.

Next Time: 5 Green Ideas To Save A Million For Retirement In Only 10 years.