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Follow on Google News | Retirement Goes Green - A new approach, to saving the planet, and retirement.A declining economy, a planet in crisis, and nearly 80 million American baby boomers approaching retirement. One company has found the solution, to saving people their retirement, as well as the planet - conservation.
By: iPlan Retirement One company believes that it has found a solution, that might not only save people their retirements, but one that could also help save the planet – a green retirement. «Switching from a consumption lifestyle to a conservation lifestyle, both before and during retirement, could save people hundreds of thousands of dollars, allow them to retire years earlier, and help the environment.» Traditional retirement planning focuses on a person's savings, increasing their savings through investments, in order to pay for retirement. The green approach to retirement planning focuses instead on the individuals spending. «Retirement is a function of both saving and spending.» Says Mr. Mameesh. «How much you spend in retirement, determines how much savings, you need to pay for your retirement. By decreasing your consumption, in other words spending less, you effectively decrease the amount of savings you need for retirement. Going green, for many Americans, may be the answer to saving their retirement. And while saving their retirements, by reducing their consumption, they are also helping to save the planet.» Mr. Mameesh also argues, that the current method of retirement planning is neither financially accurate, nor environmentally sustainable. «The retirement industry calculates the amount of savings you will need for retirement, by assuming you will consume between 70% to 80% of your current earnings, annually in retirement. First, it is a guess. And secondly, it forces you to acquire a tremendous amount of wealth, in order to sustain a lifestyle that is unsustainable. It is retirement based on consumption. And in our current economic and environmental situation, it no longer makes sense, a different approach is needed.» The company believes that using a person's spending as the basis for calculating retirements, instead of their savings or earnings, produces more accurate retirement plans. «There is no guessing. If you spend X dollars in retirement then you will need Y dollars in savings to pay for your retirement.» «The environment and economy are in crisis, new ways of doing old things, are going to be required to avert a catastrophe.» A fee-only retirement planning company, iPlan Retirement offers retirement planning services, to individuals nationwide. The company does not sell investments, manage money, or charge commissions. The company is located in San Francisco, California. More information on their green approach to retirement planning can be found on their website at http://www.iplanretirement.com Website: www.iplanretirement.com End
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