Real Life Retirement™ Services
Set for retirement - or so he thought
- "Monitor the market, but don't make investment decisions in the moment."
- "Keep some of your portfolio in cash, to take advantage of market dips."
- "When you get a raise, increase your 401(k) contribution. It's painless saving."
- Retired in 2000.
- Making adjustments to budget after market downturn.
- Can't afford health insurance, so they pay as they go.
We were set for retirement — or so we thought.
"I was 55 and my retirement fund was where I thought it should be for me to retire. I rolled over my 401(k) into an IRA; my wife and I started touring the U.S. in our R.V., taking trips with our grandchildren."
Cutting expenses to enjoy what's important.
"The market started to slide soon after I retired. We depleted more of the IRA than I expected; we are not taking a monthly draw right now. When I turned 62, I started taking Social Security; my wife started in 2007. We don't spend as much on entertainment. We use less expensive campgrounds. But we are still able to enjoy time with our family.
"My wife has a pre-existing health condition, so health insurance is expensive. We don't have it. I'm not advising anyone to go this route. I will be eligible for Medicare next year; my wife in two years. It will be a big relief when we are both covered."
Take the Next Step.
Let's talk about the retirement you want.
Call 877-673-7970 for your complimentary retirement consultation.
- Use our retirement calculator to see where you stand today.
We thank Rick for sharing what worked for him. His words have been edited. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. Examples provided are for illustrative purposes only and not intended to be predictive of future results.
The types of financial transactions mentioned may not be suitable for everyone. Each investor needs to review a transaction for his or her own particular situation. Data contained here is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Examples provided,
including statistical simulations, are provided for illustrative purposes only and are not intended to imply future results you should expect to see. Past performance is no guarantee of future results.