Paul Skidmore’s office is shuttered, his job gone, his 18-month job search fruitless and his unemployment benefits exhausted. So at 63, he filed for Social Security benefits, three years earlier than planned.
Money managers say take a breath — downturns could offer opportunities to strengthen your retirement savings for the long run.
The days of being able to count on averaging 10 percent annual returns from the stock market are over. So, it is important for retirees to know just how much they can take out of their portfolios every year without drawing them down too fast.
By David A. L’Ecuyer Many people get confused or simply don’t appreciate the difference between banks and credit unions. Both banks and credit unions offer...
“It didn’t feel right to be back in until now,” said Richard Dukas, who heads a public relations firm in New York City. “I still don’t want to put all my money in the market, but I believe we’ve come through the worst of it.”
Just because the elder’s decision seems bad, doesn’t make it (the financial proposal) wrong or exploitative.
It took guts and good planning to decide to retire in the middle of the deepest recession in decades. Even so, those who did felt flickers of self-doubt when the stock market crumbled around the time they banked their final paychecks.
By Alain Valles, CSA, MS, MBA, Powerhouse Funding Corp. When asked “How are you doing?” do you answer truthfully? I hope you are doing fine health-wise,...