A short, to-the-point article from the Wall Street Journal about the 5 things to do to assure adequate income at retirement. Good read.
URL Link to Article
How to Ensure Adequate Retirement Income
Aug. 30, 2014 8:30 p.m. ET
Retirement is hard work these days. How do you generate enough income in a world where the S&P 500 yields roughly 2% and 10-year Treasury notes offer 2½%? Here’s my five-step plan:
1. Delay Social Security.
Suppose you retire at age 65, at which point you’re eligible for $20,000 a year in Social Security retirement benefits. If you put off benefits until age 70, you would miss out on five years of benefits worth $100,000. In the meantime, you’d likely have to cover your living expenses entirely out of savings. read more