Quotes & Sayings About Retirement Income

On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income. — Ginny Brown-Waite

If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five. — Jim Rohn

Well, today people have to be self-reliant if they want a secure retirement income. — Scott Cook

We have to adjust the age retirement for younger people. People of my income level are going to have to have their benefits means-tested. Democrats are going to want a simpler tax code. — Lindsey Graham

The highest-income Americans don't need tax-free health insurance, mortgage interest deductions or deferred taxation on retirement funds. — Steven Rattner

Discriminatory wage practices undermine women's ability to provide for their families and survive on a decent retirement income. — Kirsten Gillibrand

Step 1: Secure your basic needs: food, clothing and shelter. Step 2: Create a $1,000 emergency fund. Step 3: Pay off all debts as fast as possible, other than your home. Step 4: Increase your emergency fund until it reaches 6 to 10 months of your basic needs. Step 5: Begin saving 15 percent of your income for retirement. Step 6: If so desired, save for your child's college education. Step 7: Pay off your mortgage early. Step 8: Express your values with your money. Tactics That Bring Your Strategies to Life Live by a zero-balance budget, created at — Erik Wecks

Pay off your mortgage before retirement, and that's one less bill you'll have to worry about when you're on a fixed income. — Suze Orman

Thus, consumption taxes tend to reduce conspicuous consumption and promote longer-term retirement security, family wealth, social welfare, technical progress, and economic growth. In essence, income taxes penalize people for what they contribute to society (labor and capital), whereas consumption taxes penalize people for what they take out of society (new retail purchases). So, to tax experts, it is no surprise that U.S. and U.K. citizens spend too much and don't save enough, relative to what would be optimal for society and even for themselves. — Geoffrey Miller

[T]he entire conversation was about how much money we needed to put away in order to have a certain income when we retired. The conversation boiled down to this (from my point of view): "Right now, restrict every pleasurable aspect of your life that costs money. Scrimp and save. For the next 30 years. Then--and only then--will you be able to live well once you retire." What I heard was this: Put your life on hold now. Live later. — Kate Northrup

Baby Step Four: Invest 15 Percent of Your Income in Retirement Those of you concerned about retirement are relieved we have finally gotten to this step. Those who have been living in denial are wondering what all the fuss is about. Baby Step Four is time to get really serious about your wealth building. — Dave Ramsey

The goal of retirement is to live off your assets-not on them — Frank Eberhart

I'm now as free as the breeze - with roughly the same income. — Gene Perret

This book is for you. Getting the "most possible lifetime" dollars from Social Security is likely a significant objective of yours. Saving taxes in retirement is likely a worthy ambition. Nobody wants to pay more taxes than they have to. Perhaps leaving a legacy might be another goal. Certainly coordinating your Social Security benefits with your investment and other income to combat 20-25 years of inflation is of prime importance. — Mark J. Orr

Right now, too many women who reach retirement age find themselves widowed or single, relying on their Social Security check for over half of their income. — Judy Biggert

Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job. — Ben Bernanke

I love the Roth IRA. Tax-free income in retirement is a truly great deal. — Suze Orman

Unlike every other retirement vehicle, such as IRAs and 401(k)s, you receive a tax deduction for making contributions to your HSA but don't have to pay income taxes on withdrawals. — Paul Zane Pilzer

Social Security makes up a much larger share of total retirement income for unmarried women and minorities than it does for married couples, unmarried men and whites. — Diane Watson

True retirement means no longer having a job, yet having an income each month to cover all your expenses. — Michael Naus

Social Security Disability Plans: This segment of Social Security is different from the more common retirement benefit payout. Two programs are available: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Both programs have stringent eligibility requirements. — Michele Tagliati

Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty. — Grace Napolitano