Preparing to retire? Plan 12 months ahead

hahahahahahahahahahahahahahaha hahah

YEA SURE YOU'll RETIRE the way things are going RETIREMENT FUNDS WILL BE GONE ,THEN WHAT ?

Thanks for a good article with links to external sources of more information.

JUST JOKING !

Alas, this is info Sun-Sentinel bloggers will never need. It's superfluous to serfs paid by the hour.

And this piece of advice, "... invest your money in low-cost stock and bond mutual funds and take regular withdrawals" is about the dumbest advice they could suggest in an article about retiring in 12 months. Mutual funds are often worth less for a long time before they are worth more, and the ACTUAL annualized growth average - not their rigged charts - is absurdly low. Even the dearest fan of mutual funds knows they are a crap shoot for a year or more, not an investment.

The only advice worth taking into retirement is: "Everyone is out for themselves first, you second, if at all."

In the investment world you are NOT a client; you are a customer. Legally there's a world of difference, as any real estate buyer's broker will be happy to explain. In real estate the government forced agents to represent either the buyer or the seller, not both, but this hasn't happened on Wall St. "Your" investment broker legally represents - not you - but the issuer of whatever it is he's trying to sell you. That's the client, and he's their agent - obligated to acting in their interest. You're his customer and all the law says a customer is entitled to is honest representation.

What's that mean? Even if the investment sucks the broker is required to use his best efforts to sell it to you. Not only has he no legal obligation to steer you away, he violates the law of agency if he does.

One of the best kept secrets in America until the realty industry was forced to change. If this is new to you, boning up on it could be the smartest thing you will do all year. Even serfs should understand the difference between client and customer.

Yea cause gas will be 10bucks a Gallon,Plus your property taxes will have tripiled,No health Insurance,Food will cost you 1000 bucks a week,Medicine will be 500 bucks a bottle......

" 12 mos Before Retiring?" I don't think so...
More like 5 Yrs before you plan to reitre, should you be making Moves in your Investments..
ie: More into Cash/Bonds/Balanced Funds vs Stock Funds...

Why? Just look at the last Bear Market and start in 200 >

If oyu use the 12 mo rule back then? You'd have about 20% Less money by the time you reired
assuming you got out by end of 2000...

Also, IMO? Most of Us investors havn't a clue what's going on and about 80% of the "Pro's" don't either.... Thus why I invest in Mid Caps/Balanced & a Bond Fund and let these guys make the decisions, whihc have prven to do alot better job at it than I and 80% of the Pro's have done...