As the recession brought home to many people, making your money last through retirement can be a challenge. If you plan ahead and actively manage your retirement accounts, it can help ensure you won't outlive your money. If you've not yet retired, be sure you:
You'll also need to plan how much to withdraw monthly after you retire and from what accounts. Experts advise:
Throughout your retirement, don't forget to periodically reallocate your assets to ensure you have the mix of investments that works for you. It's a good idea to consult a financial planner, to ensure you're moving in the right direction. Consult with a financial planner at South Carolina Federal Credit Union for help with retirement planning.