Safety and your objectives during retirement“More” may be among your objectives (and perhaps even first), but the amount is likely only one of a number of your concerns. After all, you’ve probably worked long and hard to accumulate your retirement nest egg, and have many uses and desired outcomes for it.
It may be that your wish is to provide security not only for yourself (and possibly a spouse), but for others, too. Adult children, beloved grandchildren, family members having serious, ongoing (and expensive) extra needs. Perhaps your church or some other worship organization or charity. The point is that while “more” helps, it has to be there when it is intended to be and needed. Then, it must be delivered to those beneficiaries you intend. Beneficiary designations need to be revisited after passage of the Secure Act of 2019. Unfortunately, there are “gremlins” that want to cause you trouble. And perhaps, big trouble. Even silently, and unknown to you. We talk about some of those gremlins, and a great deal more and in greater detail on the “Retirement Dollars – A Deeper Look” page. Have fun! |
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