Between the ages of 45-54 are some of the most integral investment
years of your life. They represent a shift from a growth-oriented
portfolio to a security-oriented portfolio as you begin to close in on
retirement. During this time, long-term returns will have an increasing
impact on your overall financial security.
Most couples have disagreements about important life decisions
throughout their lives. They may disagree about where to live, where to
send the kids to school or even when to sell a house. A new argument
that is coming up frequently is deciding when to retire.
Your doctor might have made you aware of the signs of things like heart
attacks and strokes, but do you know the signs that tell you when you
need to get out of your business? As you get older and retirement looms
large, you’ll find that it is essential for your well-being and that of
your company that you know when to cut ties.
Used to be a time when you reached the age of 65, you could retire. But
now, with the rising costs of living and the economy, people who once
retired are now working longer. In fact, more than three in five U.S.
workers in their 50s and 60s plan on working past 65. And 47% say they
will continue in the workforce because of financial needs or the need to
retain health benefits, according to a 2011 study from the nonprofit
Transamerica Center for Retirement Studies.
What does the word “retirement” conjure up in your mind? If you’ve been
steadily saving and investing and you haven’t been negatively affected by the recession, then perhaps you envision twenty
years of traveling the world and enjoying a post-work lifestyle. For those who have not saved, thinking of an eventual “retirement” is frightening. The authors of Avoid Retirement and Stay Alive have some advice.