• Home
  • E-Booklets
  • Pay Less Tax
  • Privacy Policy
  • Cheatsheets
  • Contact Us
  • About us

Retirement Income

New Ways to Get More Retirement Income

  • Retirement Advisors
  • Retirement Insurance
  • Retirement Investing
  • Retirement Living
  • Retirement Planning

How to Plan a Retirement Party on a Budget

Posted on November 21, 2011 by bobrichards

Planning company parties can be a costly endeavor, although you want to be able to go all out for a retirement party. After all, retirement is a major milestone in a person's life, and you want to celebrate it in an appropriate manner. However, the biggest problem most retirement party planners have is, of course, the money, as there never seems to be enough of it to go around. Fortunately,there are many ways to save money and plan a fantastic retirement party on a budget.

First, keep in mind that you absolutely must have a retirement party budget. If your company is hosting the event, the budget may already be set for you by a slush fund or other means of fundraising that sets aside money for parties such as this.

But if you're planning a retirement party that's just for family and friends, you'll have to do a little more legwork to figure out how much money you have to spend. For this reason, it's essential to get together with other family members in order to see who can contribute, and in what amount.

The next step in the retirement party planning process is to set your guest list. Again, if you're planning a party at work, assume that it will be an open invitation for all of your coworkers, unless otherwise stated. If you're planning a more personal retirement party, you'll need to determine the number of people you'd like to have at the party. Limiting the number of guests who will be attending to family and close friends only is one way to minimize costs.

Once you've figured out the guest list, choosing a venue will be next on your list. If it's a company retirement party, you may have access to a list of venues where you'll receive discounts or even a large enough space within your company's facilities to host the party. For a family retirement party, you may want to utilize someone's home rather than renting a venue to save money.

And, of course, there's the question of food. Selecting the best food for your retirement party can be difficult, because some people may expect a meal, while others will simply expect some finger foods and cake. But even if people are expecting a full meal, keep in mind that you do have options when it comes to selecting retirement party foods.

For example, if you can plan the retirement party between common eating times (such as an early afternoon retirement party), guests will be less likely to expect a full meal.  Or, if you must hold your retirement party at a meal time, consider preparing some of the food yourself or asking guests to bring dishes to pass as part of a potluck.

Planning a retirement party on a budget can feel overwhelming, especially given the number of restraints you're under. But if you stick to your budget like glue, you'll be able to pull off a fantastic retirement party that won't break the bank.

See other posts that can help you through a great retirement party.

How to Prosper and Thrive In Retirement

For those already retired seeking to improve their finances
  • The 4 most important issues for any retiree and a quick plan to address each
  • The overlooked annuitization of assets to make your money go farther and reduce risk
  • An easy way to save money on health coverage
  • You don’t need to be rich to plan your estate like this
  • A few simple lessons can reduce stress and bring more joy in your retirement year. Stop worrying and learn the simple
  • actions to take.

    You might also like:

    • When Will the Stock Market Recover
      When Will the Stock Market Recover
    • Retired and Stocks Losing Value
      Retired and Stocks Losing Value
    • Bear Market - When Will It End?
      Bear Market - When Will It End?
    • Recession Can Be Good for Retirees - The Silver Lining of Recession
      Recession Can Be Good for Retirees - The Silver Lining of…

    Filed Under: Retirement Living

    About bobrichards

    Bob Richards
    Editor | Involved in Various Marketing Positions within the Financial Services Industry

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Second place winner best retirement blog

    SH award winner SMALL (1)

    Not Enough Savings to Retire?
    Learn Six Ways to Earn Retirement Income (from home)

    You do not need special talents, skills, computer knowledge, etc. We show you multiple ways others are working a few hours a week to generate a comfortable retirement income.

    Download Free Copy

    Latest Posts

    Recession Can Be Good for Retirees - The Silver Lining of Recession

    Recession Can Be Good for Retirees - The Silver Lining of Recession

    Bear Market - When Will It End?

    Bear Market - When Will It End?

    When Will the Stock Market Recover

    When Will the Stock Market Recover

    How to Pay Lower Taxes on IRA Distributions

    How to Pay Lower Taxes on IRA Distributions

    Retired and Stocks Losing Value

    Retired and Stocks Losing Value

    Categories

    • 401K IRA Roth Withdrawals, Distributions, and Rollovers
    • Annuities for Income
    • Estate Planning
    • Retirement Advisors
    • Retirement Insurance
    • Retirement Investing
    • Retirement Living
    • Retirement Planning
    • Social Security
    • Supplemental Retirement Income
    • Tax Savings
    • Alternative Investments
    • E-Booklets
    • Pay Less Tax
    • Privacy Policy
    • Cheatsheets
    • Contact Us
    • Subscribe
    • Sitemap

    Recent Posts

    • Recession Can Be Good for Retirees - The Silver Lining of Recession
    • Bear Market - When Will It End?
    • When Will the Stock Market Recover
    • How to Pay Lower Taxes on IRA Distributions
    • Retired and Stocks Losing Value

    The Retirement Income Blog

    25A Crescent Drive #1508
    Pleasant Hill CA 94523
    T: 844-887-4131
    E: [email protected]

    © 2018 Retirement Income