Retired Already

Concerns among retirees are fairly consistent and boil down to making your financial situation work in an uncertain world. While most retirees will consult with a retirement planner at some point (possibly at the time of retirement or to help with a rollover), it's still a good idea to understand the issues yourself. That way, if you do consult a retirement planner, you can ask the right questions.

The biggest mistake retirees make is failing to plan for a long retirement. Consequently, they make inappropriate short investments (e.g. 12 month CDs), keep too much in low yield money market accounts and generally run "scared" rather than invest smart. There's an old saying that what you must fear is what you get. So if you mange your money from fear of running out, that's probably what will occur.

Below are links to the typical concerns shared by retirees:

Make your money last

Generate sufficient income

Reduce taxes

Estate planning

Help the grandkids with college

Use your retirement (IRA, 401k, 403b, etc) funds in the most efficient way