December 17, 2009
A financial planner told me over lunch the other day that he knows people who are losing sleep over retirement planning. How much money will they need? Where will it come from? Those are the burning questions that whirl around in peoples' heads in the middle of the night. Advisers at Bankrate.com advise those approaching retirement to first determine a withdrawal rate, then to develop a sustainable strategy based on life expectancy, living expenses and return on investments. The formula may include working part-time to make the money last longer. For more on this topic visit, the Web site at bankrate.com
