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Turning 60? Read this…
Reaching this milestone leads many folks to feel they’re pretty well set for retirement, and looking at what they’ve accumulated in cash reserves or general wealth may make them feel comfortable for life’s later stages. That’s a great feeling to have, but it may also lead to overlooking the simple fact that retirement is long. In fact, at 60 you’re full retirement age will be 67, and after that, you can expect you’ll need whatever wealth you’ve accumulated for at least another 12 years or so, maybe even 20 years or more. Yahoo!Finance writer Laura Woods suggests a few potential blunders you may want to consider to avoid tapping out early. Read her post here…