Before we sign off (at least for now) on the retirement prep issue, most everything I read says that:
· A bear market during your first 5 years of retirement can doom your chances of your money lasting until you no longer need it.
· A few extra years of work and 401(k) contributions, plus delaying social security benefits, can boost the purchasing power of a 62 year old by as much as 30%.
That’s a pretty substantial amount for someone, in my opinion, that will still be in their prime years!
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