- Retirement Readiness
- The state and/or degree of being ready for retirement. Retirement readiness typically refers to being financially prepared for retirement, or the degree to which an individual is on target to meet his or her retirement-income goals so that the standard of living enjoyed while working will be maintained after retirement.
Although retirement readiness depends on each person's financial situation, many financial experts believe that retirees need between two-thirds and three-quarters of their pre-retirement income in order to maintain the same standard of living in retirement as they enjoyed when they were working.
Financial readiness is only one part of being ready for retirement. Being prepared mentally, socially, emotionally and physically are also important; you need to take part in activities that will satisfy these aspects of your life. Knowing where you will live, when you will retire and whether you will go back to work or school are all important aspects of financial readiness.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Retirement planning — Retirement planning, in a financial context, refers to the allocation of finances for retirement. This normally means the setting aside of money or other assets to obtain a steady income at retirement. The goal of retirement planning is to… … Wikipedia
National Institute on Retirement Security — Founder(s) The Council of Institutional Investors, The National Association of State Retirement Administrators, The National Council on Teacher Retirement Typ … Wikipedia
United States Senate Armed Services Subcommittee on Readiness and Management Support — The Senate Armed Services Subcommittee on Readiness and Management Support is one of six subcommittees within the Senate Armed Services Committee.JurisdictionThe Readiness and Management Support subcommittee has oversight of military readiness,… … Wikipedia
training and readiness oversight — The category identifying (by specific training and retirement category designator) a reservist … Military dictionary
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… … Universalium
Australian Defence Force — Australian Defence Force … Wikipedia
Supreme Headquarters Allied Powers Europe — SHAPE Emblem. Active 1951 present Country … Wikipedia
Jerauld Wright — during its commissioning and fitting out period. [ Warrior among Diplomats , p. 100 101, 105 107; [http://www.history.navy.mil/danfs/s10/sequoia ii.htm USS Sequoia (AG 23)] DANFS Naval Historical Center] Bureau of OrdnanceWright developed an… … Wikipedia
Military Affairs — ▪ 2009 Introduction Russia and Georgia fought a short, intense war in 2008, fueling global fears of a new Cold War. On August 7 Georgia launched an aerial bombardment and ground attacks against its breakaway province of South Ossetia.… … Universalium