Retirement Money Quotes & Sayings

Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years. — Jean Chatzky

No one in his right mind would walk into the cockpit of an airplane and try to fly it, or into an operating theater and open a belly. And yet they think nothing of managing their retirement assets. I've done all three, and I'm here to tell you that managing money is, in its most critical elements even more demanding than the first two. — William J. Bernstein

You choose the wrong career, select the wrong mortgage or fail to save for retirement, markets do not correct those failings. In fact, quite the opposite often happens. It is much easier to make money by catering to consumers' biases than by trying to correct them. — Anonymous

Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to get people to be saving more for retirement. Behavioral economics has helped us learn a lot about how to do that. — Richard Thaler

We go to school so that when we grow up we can make lots of money, and we make lots of money so we can provide for our children, and we have children to provide for our retirement (because we don't have any money left). — R.M. ArceJaeger

Money you won't need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks. — Suze Orman

My retirement plan was in place but Bernie Maidoff with my money. — David Letterman

In retirement, only money and symptoms are consequential. — Mason Cooley

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

The longer you work, the more money you'll have for retirement. But the longer you work, the less time you'll have to enjoy that retirement. - Wall Street Journal — Ernie J Zelinski

Hope. An emotion that always kept suckering me in, time after time, despite my supposed retirement from the assassin business. Hope. The one thing that always seemed to get me into more trouble than just killing people for money ever had. Ah, hope. Sometimes, I really hated it. — Jennifer Estep

It's daring and challenging to be young and poor, but never to be old and poor. Whatever resources of good health, character, and fortitude you bring to retirement, remember, also, to bring money. — Jane Bryant Quinn

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus. — Suze Orman

I often would think about how we have built our society, and when you describe it out loud, it sounds rather insane. The idea of being funnelled through a conventional life progression of education, work, career, marriage, kids, divorce, retirement and then death doesn't seem that inspiring to me.
Then we're told we have to struggle to make a living, sacrifice enjoyment to have a family, delay our happiness until we're retired, fight the next person for a job, climb the ladder of success to get an even more stressful job,
spend more money than we earn, go into debt, live in fear of being blown up by some terrorist and then have TV passed off as the only way to escape it all. And when all of this gets too much and you can't keep up, you get prescribed antidepressants and made to feel like you've failed. — Josh Langley

It was the economic benefit,You make a comfortable living in public service and you get a fairly comfortable retirement, if you watch your pennies and you're not extravagant. But in television, if a show goes, you make a substantial amount of money. So, economically it just didn't make sense for me not to. — Mills Lane

Let's put a limit to the scramble for money ... Having got what you wanted, you ought to begin to bring that struggle to an end. — Horace

If we stop believing in a future, if we stop doing things for something else but start doing them for now, some fundamental things change. Retirement becomes less about how much money you can squirrel away now and much more a matter of participating and contributing to your own community now so that they want to take care of you. ... We're going to move into a world where your retirement will be more secure if you've made lots of friends with young people rather than collected lots of dollars. — Douglas Rushkoff

Absolutely invest in retirement. You can always get a loan to get kids through school. I do not know of any loans to get you through retirement. The markets are seriously low from where they were (even though they've gone up 30 percent recently). Now is the time to be dollar cost averaging; the more money you put in, the more shares you buy. Save for your retirement, people. — Suze Orman

[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

People build continuity into their life: Places, friends and goals. We go to work on Monday with plans for Friday night, enroll as freshmen intending to be seniors and save money for retirement. We try to control what comes next and shape it to meet our will. — Nathaniel Fick

Because of outdated ideas around retirement, we have put the money cart ahead of the "life" horse. — Mitch Anthony

Your purpose in life isn't to make money. It isn't to live a comfortable lifestyle, to prepare for your retirement, or even to provide well for your family. Believe it or not, you're designed for something far better and much more exhilarating. If you limit your life's purpose to acquiring wealth or living comfortably, then you'll never have enough and you'll never be satisfied. — Will Davis Jr.

Sent him to the Harvard Business School to study the minds of the movers and shakers who were screwing up our economy for their own immediate benefit, taking money earmarked for research and development and new machinery and so on, and putting it into monumental retirement plans and year-end bonuses for themselves. — Kurt Vonnegut

Worrying about money is one of the worst worries. It's like having locked-in syndrome, except you're still moving around and doing things. Your head burns. If other people are not having money problems, it pisses you off because it reminds you that you're limited in the ways you can express your agency in the world, and they aren't. Worrying about money is anger-inducing because it makes you think about time: how many dollars per hour, how much salary per year, how many years until retirement. Worrying about money forces you to do endless math in your head, and most people didn't like math in high school and they don't like it now. — Douglas Coupland

The revival of consumers saving their money for retirement - rather than expecting their homes to provide the cushion - added with 'move down' buyers will depress real-estate prices. — David I. Rozenberg

If we aren't profitable by December 20, I will close the business. That would leave him about $800,000, plus his retirement money and home, and he would do something else to earn a living. — Dave Ramsey

By working toward a financial objective, you'll start to see the money add up for retirement or the credit card balance go down. But it doesn't have an immediate impact on your day-to-day life, and when it does - like when you're pinching pennies to save more - the immediate impact could feel negative. — Jean Chatzky

Your retirement identity is of a successful person who creatively and efficiently manages your money and lifestyle to adapt to the ever changing economic and personal conditions of our time. — Lee Johnson

Money isn't everything, but it is when you start thinking about putting money away for your retirement days. — Andre Leon Talley

The idea of working all your life, saving, and putting money into a retirement account is a very slow plan. — Robert Kiyosaki

There are two things that you need to save for. First, you need an emergency cushion of no fewer than six months of living expenses. This needs to be cash in a liquid account where you can get at it in - yes - an emergency if you need it. In other words, money markets, not CDs. You also need to save for your future: that means retirement. — Jean Chatzky

What you should do is wait until the end of each month, and then say, "OK, how much money do I have? How much do I need? Let me send the rest to retirement." — Dan Ariely

[On retirement savings:] Gone today, here tomorrow. — Catherine Crook De Camp

Retirement in America has come to mean "save enough money so I can quit the job I hate. — Dave Ramsey

General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary. — Mark Steyn

Rich people don't work for money, they are doing what they like to do; they devote themselves to a job they love and do not live waiting for a well-deserved rest or retirement, but work passionately until the end of their lives — Sunday Adelaja

De Blasio went even further, delving back into the Target fray. The pol was a trustee of the New York City Employee Retirement System, which owned shares in Target. The left had already forced Target to cease using money in campaigns via trade associations. Yet the retailer hadn't been able to shake the assault; activists sought to continue making an example of it. They scored a particular hit in 2011, when pop star Lady Gaga very publicly ended a deal with Target for her newest album due to its "continued political activity." Target's share price kept dropping. — Kimberley Strassel

The more your money works for you, the less you have to work for money. — Idowu Koyenikan

In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement. — Charles Duhigg

When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money ... — W. Allen Wallis

If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement. — Robert Kiyosaki

In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift ... I can't show up at this party and not have something for everybody.' — Suze Orman

A man approaching retirement called the retirement office to inquire about his pension. Afterward, he was asked if his wife worked. "She's worked all her life making me happy", he replied. "Yes sir, but has she earned money to receive her pension?" "When we got married we agreed on an arrangement", he said. "I would earn the living, and she would make the living worthwhile".
"Make the living worthwhile" ... have we forgotten the very essence of that? Have we forgotten to live for someone else, that doing so IS what makes a living worthwhile? — Kelly Crawford

Going through chemo is like investing money in a retirement account. You feel the hit right now, but later in life you get to reap the benefits - by still being alive. — Regina Brett

At Cornell University, it was well known that after five years on Wall Street, you could expect to be making half a million a year in salary and bonus; after 10 years, you could expect a million or more. I had 60 grand of university debt, and my parents had no retirement. I needed that money. — Philipp Meyer

Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid. — Jean Chatzky

Social security cannot stop due to the large scale human dependence on the program for basic needs. Congress has the mandate to continue this program and the Federal Reserve has the ability to print money to bail it out. So, do not live in fear expecting the worst because this entitlement program is not going away anytime soon. — Lee Johnson

Knowing where you stand in your quest to accumulate enough money for retirement is an incredibly important part of the planning process. — Jean Chatzky

The only real security is not insurance or money or a job, not a house and furniture paid for, or a retirement fund, and never is it another person. It is the skill and humor and courage within, the ability to build your own fires and find your own peace. — Audrey Sutherland

My financial adviser Ric Edelman ... thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg? — Cal Thomas

We will not wish we had made more money, acquired more stuff, lived more comfortably, taken more vacations, watched more television, pursued greater retirement, or been more successful in the eyes of this world. Instead, we will wish we had given more of ourselves to living for the day when every nation, tribe, people, and language will bow around the throne and sing the praises of the Savior who delights in radical obedience and the God who deserves eternal worship. — David Platt

Lobola ("bride price") is a retired broke father's last hope to paying off his debts. — Mokokoma Mokhonoana

If you're just starting out in the workforce, the very best thing you can do for yourself is to get started in your workplace retirement plan. Contribute enough to grab any matching dollars your employer is offering (a.k.a. the last free money on earth). — Jean Chatzky

Social Security is a fraudulent scheme in which the government collect money from you for your retirement - and immediately spend the money on something else. — Harry Browne

A lot of the money in the stock market is really our national retirement plan, for better or worse. — Ron Chernow

Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money. — Suze Orman

There are basically two ways to help people get sufficient money to fund their entire retirement. The first is to get people to save more money, and to start saving at a younger age. The second approach is to get people to die at a younger age. The easier approach, by far, is getting people to die younger. And how might we achieve this? By allowing citizens to smoke. By subsidizing sugary and fatty foods. By limiting access to preventive health care etc. When we think about retirement savings in these terms, it seems that we're already doing the most we can on this front. — Dan Ariely

Retirement isn't a goal; it's a sentence. — Ari Gold

You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it. And now they're coming for your Social Security money. They want your f**kin' retirement money. They want it back so they can give it to their criminal friends on Wall Street. — George Carlin

Money actually becomes even more difficult than other things because it's very hard to imagine what the benefits are to saving. So, imagine that you see a new bicycle, a new pair of shoes, or something today. You know exactly what you are giving up if you are not buying it, what are you gaining in the future if you are not getting it. So, you are giving up the bicycle today, what is it in the future? What will happen if you send another $1,000 to your retirement fund? What difference will it make? It is very, very hard to figure out. — Dan Ariely

In money, and in life, you are very often your own worst enemy. You promise yourself you're going to diet, then eat not one or two French fries but a whole plate. You decide to really commit to saving for retirement, only to wind up with a new pair of shoes in your closet. — Jean Chatzky

The structure of the corporation is a telling case in point - and it is no coincidence that the first major joint-stock corporations in the world were the English and Dutch East India companies, ones that pursued that very same combination of exploration, conquest, and extraction as did the conquistadors. It is a structure designed to eliminate all moral imperatives but profit. The executives who make decisions can argue - and regularly do - that, if it were their own money, of course they would not fire lifelong employees a week before retirement, or dump carcinogenic waste next to schools. Yet they are morally bound to ignore such considerations, because they are mere employees whose only responsibility is to provide the maximum return on investment — David Graeber

Other things may be seized by might, or purchased with money, but knowledge is to be gained only by study, and study to be prosecuted only in retirement. — Samuel Johnson

Not having to worry about money is almost like not having to worry about dying. — Mario Puzo

Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money. — Jonathan Clements

If you can deal with hot emotions, then you can study for the S.A.T. instead of watching television, and you can save more money for retirement. It's not just about marshmallows. — Walter Mischel

I think a lot of business students chase money and then they burn out. They have early retirements, not because they want to retire and chill ... But because they hate their job and they are miserable. I don't chase money. — Tyra Banks

During the day I negotiated buying mom and pop companies and incorporating them into our larger network. Sometimes we let the original owners stay on as consultants. Rarely, actually, if I'm being honest and, even when we did, it never usually lasted for very long. Mostly, those once proud owners would see the box store makeover of their businesses and decide that retirement in some warm locale really did seem the better option. Did I ever feel guilty looking at these hardworking people and taking everything they'd assembled? Not even a little. Would you feel guilty handing someone hundreds of thousands or, in some cases, millions of dollars to go do whatever tickles their fancy? — Mandy Nachampassack-Maloney

We have a retirement crisis in America today nor from a lack of money, but from a lack of vision — Dave Ramsey

The concept of deferred gratification, or sacrificing now to save for the future, can be helpful in setting aside money in a retirement account for old age. It can also serve as an effective rationalization for life avoidance. — Chris Guillebeau

Republicans are suggesting that you take your retirement money and invest it in the stock market to take care of yourself but that leaves you with choices that you may not know anything about. The purpose of social Security is that you don't fall through the crack and find yourself destitute. — Debbie Wasserman Schultz

COMMON SENSE CONCLUSION: Your retirement identity is of a successful person who creatively and effectively manages your money and lifestyle to adapt to the ever changing conditions of our times. — Lee Johnson

If you're willing to put in the work, the idea is that you should be able to raise a family and own a home, not go bankrupt because you got sick, 'cause you've got some health insurance that helps you deal with those difficult times; that you can send your kids to college; that you can put some money away for retirement. That's all most people want. Folks don't have unrealistic ambitions. They do believe that if they work hard, they should be able to achieve that small measure of an American dream. — Barack Obama

As you know President Bush has been traveling around the country trying to sell his new Social Security plan. He wants to take our retirement money and invest it in the stock market. He says nothing can go wrong. I'll mention that to Martha Stewart the next time I see her. — Jay Leno

In real life our behavior is far more complex than the textbook allows and often confounds the idea that we're purely rational. We don't save enough for retirement even though it's to our clear economic advantage to do so. We hang on to bad investments longer than we should, because we feel far sharper pain from losing money than we do from gaining the exact same amount. — Anonymous

Many seniors understand that Social Security is social insurance as opposed to a program where we put money aside for our own retirement. But most elderly individuals think they're getting their money back. So it isn't selfishness as much as a misunderstanding. — Richard Lamm

Because travel was an area of my life where I felt most vital, I wanted to continue to invest in that, too. I had quit a full time job, drained my retirement account to invest in a long-held dream, and used the realization of that dream to enter a void with no guarantees. I didn't want financial struggle to be the sole outgrowth of the risks I had taken. More than money, I had put my belief systems on the line. — Gina Greenlee

Working hard to earn more money and then giving it away in higher taxes isn't financially intelligent, even if you do put some of it into a retirement account. — Robert Kiyosaki