Start Your Retirement Planning Now
Thursday, June 21st, 2007 Subscribe To Our Feed
The saddest part about retirement in our culture today is how utterly unprepared most people are for the day when work is now longer the major activity in their life. Studies show that most Americans don’t save, have no pension and have given little thought on how to pay for medical and doctor bills beyond what Medicaid and Medicare pay.
From age 55-65, a financial adviser and retirement consultant should be regularly consulted. This is the time to slowly move away from high-risk and volatile stock and mutual funds and move towards more conservative and safe investments like bonds, guaranteed annuities and even money market accounts. It should go without saving but debt is not something that should be accumulated as one approaches retirement. Stop using credit cards unless you are sure you can pay the monthly balance in full every month.
Retirement is what we make of it. And making it a successful retirement requires us to do some planning. After all, it’s the rest of your life we’re talking about. Here’s hoping you make it the best of your life.
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