Getting Money Smart Reports How to Retire on $500,000

Destin, FL, September 13, 2014 --(PR.com)-- Living the good life in retirement is key to having a higher quality of life whether it’s in a paradise oasis or closer to the grand kids. Retiring on a budget can be a daunting challenge, but GettingMoneySmart.com has the step-by-step insight how to retire on $500,000.

Most workers overestimate their ability to save and underestimate what expenses will be in retirement years. The biggest retirement savings error most people make is to not have an emergency savings account or cash cushion. Instead of having extra cash for unforeseen expenses, retirees end up having to dip into their retirement account. With fees and tax penalties, that can be very expensive.

In order to be prepared for retiring, consumers have to scrimp and save, pay off their homes or move to another region of the U.S. or another country to make things work financially. Check out the full details on how to swing retirement when you want to on a budget: http://www.gettingmoneysmart.com/retirement-savings-starts-with-500000

Getting Money Smart provides detailed reports on important financial issues like retirement, forecasts on the economy and the insider knowledge that consumers seek in the new economy. The financial website offers reports on the wealthy, rich and famous and not so rich lifestyle.

Journalists, including experts in stocks, bonds, real estate, life styles of the rich and famous, money management and personal finance cover the wealthy side for the rich and others who want to find out how the 1% live.