March 8, 2016
PLENTY IN THE BANK FOR RETIREMENT? LETS MAKE SURE YOU KEEP IT!

PLENTY IN THE BANK FOR RETIREMENT? Lets Make Sure Keep It

PLENTY IN THE BANK FOR RETIREMENT? Lets Make Sure Keep It! Last week I discussed strategies for people approaching retirement age who don’t have enough money in the bank. Today I will consider a much happier situation: people who have amassed plenty for retirement. Unfortunately, these cases are relatively rare; most of us would rather look good now than live well later. But if you are lucky enough and prudent enough to find yourself in this situation, the conversation will be far less stressful. If this describes you, chances are we won’t have to talk about the perils of reckless spending, because you’re a saver by nature. We also won’t have to discuss high-risk investments designed to bring in the highest possible return, because all you may need is a reasonable return from an investment that keeps your money safe. Instead, our conversation will focus primarily on two things: protecting yourself in case of sickness and disability and deciding what to do with your wealth when you no longer need it. Declining health and disability are an unfortunate fact of life for many of us as we grow old. It’s also an expensive one. The average person spends 22 months in […]