RetiredResources News from the web:
The probability of your savings keeping its purchasing power over time after taxes and inflation is pretty remote. Rebalancing by shifting more than $1 million in retirement investments from stocks into short-term savings vehicles will preserve your principal but not your purchasing power.
You should work with a fee-only financial planner to discuss your retirement income needs and to determine an asset allocation that will increase the probability that you can meet those needs. You should also discuss with the planner the different options you have on when to receive Social Security benefits.
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