Are you really ready to retire? Before retiring, seniors should ensure that their nest egg will be enough to cover their needs throughout retirement and they are emotionally and socially prepared for major changes in their lifestyle, according to this article on CNNMoney. They should also have a comprehensive retirement income plan and have Medicare or health insurance in place to cover their medical costs. Pre-retirees are also advised to have a well-maintained investment portfolio and a bucket list of activities to do after they retire.
Opinion: Can your retirement investments handle ‘fire and fury’? A major market correction is overdue, but investors can handle it by adopting a long-term approach to investing, writes an expert on MarketWatch. "The best rule of thumb is to build a retirement portfolio that delivers the results you will need over the long-term," explains the expert. "You hold money you might need to withdraw in the next few years in safer investments, and for the money you don’t need for 10-plus years, you maintain a long-term focus and don’t worry about what is happening this week, this month, or even this year in the markets."
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access