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|Subject: Re: Post-retirement personal finance||Date: 2/11/2002 3:25 PM|
|Author: RickLongbrake||Number: 7772 of 20148|
HS, I think that rkmcdonald covered a lot of good references for learning how to manage your finances in retirement. I would add that if you are new to managing investments, be careful not to get stampeded into make changes or major decisions until you feel comfortable that you know what you want to do and why you want to do it. Sometimes after a major life-event, like the loss of a spouse, a broker or financial advisor will recommend major changes in asset allocation or investment vehicles. Sometimes this may be good advice, but sometimes it just generates profits for the broker. If your current situation is 'comfortable' then you will probably still be comfortable in 6 months, and that will give you time to understand what you need to do with your investments.
One more recommendation for background reading. You might look over the continuing series called "The Retirement Journal" by Stan Hinton in the Washington Post. The articles chronical his retirement experiences and related topics.
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