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Going back to work to build up his retirement fund

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David S., age 62
Rio Rancho, New Mexico
Not retired
Married, three children
"I was mentally prepared to leave work; but now I need the economy to come back."

David's Tips

  • There is more than one right way to retire; be prepared to regroup if Plan A doesn't work out.
  • Plan how and when you want to use your retirement funds, and don't tap into them until then.


  • David retired two years ago, but due to the financial crisis he reversed plans.
  • His new goal is to retire at 65, when he and his wife will still be young enough to travel.

The best laid plans. Then 2008 happened.

"I retired from my federal government job at age 60. But between my IRA balances going down, utility rate and property tax increases and $4 a gallon gas, I was uneasy about the economy. My goal was to not begin drawing down my IRAs until I turned 65. So I went back to work six months ago."

Wants to do more than just get by.

"I was on the right track before I retired. I shifted from higher-risk stocks to a more conservative investing model. It didn't play out the way I thought it would. It'll be a five-or-six-year journey back to where we were. I made my best guess in terms of dollar amounts for retirement. The problem is, I tend to be overly optimistic. I thought we had hit bottom.

"I was counting on tapping into my IRAs for travel. I could get by on my pension, but I don't want to just get by. And I don't want to wait until I'm 70 to travel. So I plan to work for three more years to add to my retirement fund."

Take the Next Step.

Let's talk about the retirement you want.

Call 877-673-7970 for your complimentary retirement consultation.