Managing your portfolio in retirement

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One of the biggest financial impacts of retirement is the mind-set change that is needed to manage your portfolio.  Prior to retirement, financial planners recommend having “ready-cash” or an emergency fund equal to 3 – 12 months of expenses.  In addition, every month you are adding money to your portfolio through 401(k) accounts, IRAs, etc.

In retirement, the dynamics of your portfolio are turned upside down.  Instead of adding to your savings every month, most people need to take money out ...

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Divorce and Social Security

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Like anything related to Social Security, the rules for people who are divorced start out straight forward, but can get very complicated as your situation changes. In general, you are entitled to “spousal benefits” based on your former spouse’s work record if:

  1. You are over 62
  2. You were married for at least 10 years
  3. Your former spouse is eligible to receive Social Security
  4. You have not  remarried

Loosely defined, “spousal benefits” are one-half of your spouse’s benefit amount.  The full definition is much more complicated, ...

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