Finance → Changing Traditional Retirement Model – Important Issues Discussed and Ways Out Offered
Here is the traditional retirement model: to sock away as much money as possible in the form of stocks, bonds, retirement accounts, and maybe even some real estate. In addition you work as long as physically possible-well into your sixties or beyond in some cases-and then, on a magical “retirement day,” stop working. Consequently this started the investment account balances moving in the other direction, as the retirement plan was to begin drawing down those accounts once retirement came.
There are several things that change this method.
The first one is that people are becoming more and more worried about the security of those all-important retirement accounts. The recent Wall Street meltdown focused these concerns very painfully. Some people (more…)
Republished by Old Post Promoter