Reality check for Retirement

Retirement; News from the web:

Retirement can be a difficult transition if you are not prepared for it. Many people who were near retirement age were forced to retire during the recent downturn. The loss of income coupled with the large losses in their retirement account caused a lot of heartburn. In this case, it is more conservative to take up part-time work to bring in some extra income. Even a little income will greatly reduce the withdrawal rate from your savings accounts.

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