Tuesday, September 21, 2010

Reaching Retirement Age

It is a good idea to review your portfolio with your financial services provider more frequently as you reach retirement age. Being sure to not draw out more than 6-8% per year in retirement savings can be beneficial in preventing you from spending down your account too quickly. You may also want to consider moving your risky investments to more secure or fixed investments. This could help prevent you from losing money in market downturns. It is also important to have adequate life insurance to offset any losses in your portfolio and to provide your spouse with lost income.

For more information visit http://www.newsadinsurance.com/

-Tom Newsad

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