Playing It Too Safe
Now you’ve made it to the age of 60. The kids are gone, the mortgage is almost paid off and it’s time for the retirement accounts to start paying out. Gas up the yacht, honey, we’re headed for the Caribbean! Hang on, Ahab. The temptation is to switch from saving to spending immediately. But retirement is a beginning, not an end. We are living longer now than ever before. This means that if you want to stop working at 60, you’d better be ready to make it last a good 25 years or longer....