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Author: oceanbluela Big red star, 1000 posts Old School Fool Ticker Guide SC1 Red Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Re: Managing retirement savings? Date: 3/20/2013 5:39 PM
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Horrors!...you don't need life insurance at this point in your life. It's a gigantic rip off and you don't need the 'tax advantage' of it. It will make your 'financial planner' a boatload of money. He likely gets about a 5% commission on all you invest..which is money you never get back. NO NO NO NO

YOu are getting BAD BAD financial advice


The above is excellent advice, and I beseech you to listen to it. Your pension will most likely cover most or all of your basic bills, and you can augment that with profits from your investments. If stocks scare you, invest the rest in a mix of several Vanguard (or other fine) index funds. Take a 30 day free trial to The Fool Rule Your Retirement Newsletter. You will learn a lot, and I suspect you will keep the subscription as the boards there are filled with good, smart people with excellent advice and similar life experience.

Best,

Vivienne
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