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Subject:  Parents Nearing Retirement Date:  8/3/2006  12:07 AM
Author:  FuwlEd Number:  940 of 1845

My parents are 3-4 years from retirement, have saved some money but will still rely heavily on social security, so I'm sure the standard of living adjustment will take some getting used to for them.

So moving towards retirement, are there certain things they should be doing with their assets other than saving and investing? And by that I mean is it ok for their house to stay in their name only, making sure they sign up for Medicare, draw down a Roth before a 401K, etc?

That's rather open ended but looking for some general guidance, tips. Perhaps a suggestion regarding books that may provide overall guidance on preparing for the few years just prior to retirement.

Thanks, FuwlEd
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