Green Retirement

Don’t Get Re-Hired - Get Retired!

The Labor Department has announced the loss of 80,000 U.S. jobs in March. This follows losses of 76,000 jobs in both January and February. The unemployment rate has risen to 5.1 percent. Fed Chairman Ben Bernanke, in testimony before Congress this week, even used the dreaded “R” word. The outlook is for continued job losses and a recession. If you find yourself among the unemployed, the first inclination is to get re-hired, you should also consider getting retired.

A recession is a tough time to be seeking work. Companies freeze their hiring, the job applicant pool keeps rising, and unemployment benefits generally last only 26 weeks. It could be many months before you find another job, with no guarantee that the pay will be the same, all the time burning through your retirement nest egg. You should take this opportunity to discover if you can retire now.

You can retire on a lot less savings than you realize. If you become unemployed in your fifties, you may need even less savings to carry you through, until you begin receiving Social Security and pensions. Early retirement may be your best option under the current circumstances.

Retirement Resources

To find out, if you have enough savings to retire now, try our retirement calculator. It will show you how much savings is required using Green Retirement Planning vs. Traditional Retirement Planning. The Retirement Website details this new method of calculating retirements.

If you are concerned that you may lose your job in this recession, instead of delaying your retirement, you should accelerate your retirement.

And everyone, whether they are recently unemployed, afraid of becoming unemployed, or worried about the impact of recession on their retirement, should Recession Proof their Retirement.

While working on your resume, don’t neglect your retirement plan, you may discover that you have enough resources to retire right now.

This is the Retirement Blog. Visit the Retirement Website to find out how you can retire with less savings, retire early, and have a safe and secure retirement.