Dealing With a Down Market

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After a corporate layoff, I realized that the retirement is just another product being sold on the market. The truth is, we can't plan future and working is not necessarily harmful to an old age as long as the person is doing something that interests them.
With all the financial theft out there, I suggest spending your money while you can, take sabbaticals, travel while young, because elusive retirement may simply be a fairy tale.

M of IA 5:02PM July 15, 2010

The best advice you can give for retirement is to keep working and not take withdrawals? Is this really retirement advice? Let's bring back pensions and unions and make America the best place to live again.

Joe of MD 10:36PM September 18, 2008

To ride on the coat tails of everyone before me, it is no surprise that the market is in shambles. This can however be surprising for baby boomers who were looking forward to a peaceful retirement but are getting...this instead (plumetting home prices, and skyrocketing gas prices). So today we're gonna talk about the three things your brokers clients can consider when retiring in a down market. the material we have at sun life that compliments that, and how you can relay the message over the phone.
#1 stay in the job market. this will delay or lower the boomers need for SS and give them the opportunity to maximize on it later. it will also help offset losses in their retierement account. what do we have at sun life to compliment this? nothing? but, we do have the hr live website that discusses lay offs. so we might not be able to tell them where to work but we certainly can tell them where not to
#2Tweak investments. your advisors can use ths as an opportunity to sit down with their clients and go over their investments. this is a no brainer: our asset allocation models BYP and ibbotson models
#3avoid withdrawals. this includes getting out of the game all together. here at sun life we offer deferral bonuses on two of our lb riders for not taking withdrawals but if they need to, we have income on demand. and page 12 of the oppenheimer piece to back it up.

Jefferson of MA 1:49AM June 27, 2008

For a comfortable retirement, retire outside the States. There are many countries (Newly Industrialized) that will offer you the same services (including medical attention) and comfort with respect for the elderly. America is only fun when you are young. Travel and feel appreciated!

Andrew Lee of CA 10:34AM June 14, 2008