No. of Recommendations: 0
Thank you for your comments.

I have put together a paper portfolio, with a few real purchases included as well, of the type of securities that might work for me. The change-of-life approaching is both scary and exhilarating at the same time but the realities of this time era also requires that a new career be contemplated as well. New careers rarely pay what old ones do, especially if one does not want to work 40 to 80 hours a week.

As I have less than 3 years to work at my present position, unless things change radically, I am not in a do die situation. Also it is a Cash Balance Portfolio, which means that in lieu of a regular pension I would receive a cash distribution; this would then be rolled over into either a Pension Annuity or a Rollover IRA.

As more and more companies go this route, Cash Balance Vs Traditional Pensions, more and more people will be faced with the responsibilities of determining their future income sources and levels. With the eventual demise of the 30-Year and its immediate supply reduction, one can not just go out and buy near absolute security that will last the remainder of ones lifetime. And even if there was a plentiful supply of 30 year bonds one would need a substantial amount of principle to generate the income one might need at the 6% or less rates we have seen of late.
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