McAlester News-Capital, McAlester, OK

Features

July 21, 2013

Don’t outlive your money

OKLAHOMA CITY — A poll by BlackRock suggests half of all Americans surveyed don’t think they have saved enough for a comfortable retirement. Outliving your money is a real concern.

Longer lives and higher costs are to blame. Nest eggs that once looked comfortable now pale when looked at over the long term. Planners suggest taking a few steps to make it last.

Make a budget and stick to it, according to USA Today’s Rodney Brooks, a personal finance columnist. Early in retirement is usually hardest because those 401K accounts look massive.

But if it has to last 30 years or more, it doesn’t look so large. Don’t forget to figure in medical, dental and eye care. Adult children can also become expensive as parents try and bail them out of jams.

Planners suggest working a few years longer to get larger Social Security payments. Consider part-time work after you retire. Don’t take on additional debt. Reverse mortgages should be a last resort.

1
Text Only | Photo Reprints
Features
Seasonal Content
AP Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction
NDN Video
Under Armour Launches Biggest Women's Campaign with Inspiring Ad NYPD chokehold death of Eric Garner was homicide: medical examiner Christina Aguilera Pulls a Demi Moore! Man with no arms throws first pitch Chapter Two: Composing for a film in retirement Is Justin Bieber Dating a Model? Guardians of the Galaxy (Trailer) 'Sharknado 2:' Hottest Memes Surfing The Net Snoop Dogg Narrating Animal Footage Is Perfect Raw: Obama Gets Hug From Special Olympian Recapping a Blockbuster MLB Trade Deadline Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2"
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.