Tread Carefully in order to protect your nest egg
Sunday, August 10th, 2008 at
2:42 pm
Retirees have been hit with a double whammy, losing returns and pulling from their nest egg to cover traditional living expenses. While immediate needs are crucial to survival it may not be the best choice.
Take a look at what you need to do to cope with the current losses and how to position your self against our current economic conditions.
I understand that liquidity makes for ease of stressful conditions but when you tap into your retirement for living today you create future downfalls.
What if you cannot recover and recoup the monies that you have borrowed. You need equity investments that will keep you from the temptation of borrowing from your future.
Here is the article from the WSJ
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