The Over-55 Graduation Exercises

Teresa Bear | Jul 15, 2013, 6 a.m.

Regrettably, one of those funding options for retirement—pensions—is not available for many retirees. In 1985, 89 Fortune 100 companies had pension plans. Now, only 11 of them do. Social Security payments have not increased to offset that loss, so more and more retirees will have an increased burden of funding their own retirement.

The lesson here is that we may be on our own going forward. Within a couple of decades, the majority of our retirement income may result from our own planning, saving, investing and purchasing insurance policies to protect our income in retirement. Many retirees use annuities to fill that gap. To find out more, either send me an email or visit www.jcgrasonmesa.com/retirement-planning/income-maximization to download our free booklet entitled “Annuity Owner’s Manual—The Proper Use of an Annuity in a Retirement Income Portfolio.”

Commencement. When our retirement commences, we enter a new phase in life. My wish is for all of my readers to enjoy their graduation from work.

Teresa Bear, CFP, CPA (www.TeresaBear.com), specializes in retirement planning and asset preservation for retirees and those about to retire. Bear is the author of the new book “She Retired Happily Ever After.” Send questions to TBear@JCGrason.com.

Investment advisory services provided by Brookstone Capital Management, LLC., a SEC registered investment advisor. The information in this article describes general guidelines and suggestions for preventing identity theft. In no way should it be deemed as advice for any individual circumstance or situation.

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