Topic: investing

Financial planning: Making the most of your retirement years

By Rev. Charles Moreland | February 17, 2008 |

Retirees appreciate and enjoy the free time available once the mandatory 8-5 work week responsibility is over. It is interesting that the Army retirees I have been connected with are so busy with volunteer work. Army retirees are redeeming their free time for service to the community.

Not everything as a retiree is peaches and cream, though. There is the challenge of making ends meet economically; freedom from financial worries in retirement is possible but necessitates proactive financial planning and the establishment of priorities if working from a fixed or reduced income. Enjoying retirement requires long term planning and a bit of luck mixed with savvy decisions.

One serious challenge is the coaxing of enough income from savings to maintain a healthy standard of living. As we prepare for retirement, we had been advised to change our investment strategy by going to conservative funds, CDs, and money market funds, which are safer. Today’s financial planners are taking a second look at this advice. «Read the rest of this article»

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