Many of the retirees I have spoken to lately are having a harder and harder time deciding on what to do. They all know that a change needs to be made. It has to be made, but change can be emotional. “This is where my money has always been” or “My returns haven’t been that bad” are just a couple of so called reasons for staying in their current situation.

We are in a different market today than what we were in years back. We have done a great job up until this point, now we have to adjust our glide path.  For three years in a row our economy has stalled and our safe investments have shown to be not as safe as we hoped.

Just like 30 is to the new 20’S is the same as to what 70 is to the new 60′s. Seniors have to either keep working or make some serious changes to their nest egg. The good thing is the longer you wait the more income you are going to be able to take. The time is now. You have to adjust your path to a more conservative investment objective. We are living longer, costs and taxes are rising and we have to adjust our spending so that our money will last as long as we do. Retirees need to do their homework now more than ever. We have to have a strategic plan for accumulation and decumulation.

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