Retirees: Now is the time to make your money work for you

Retirees: Now is the time to make your money work for you

Retirement means different things to different people. For some, it’s an opportunity to pursue existing hobbies with greater vigor, spend more time with grandchildren, or travel. For others, it affords the time and flexibility to pursue new passions, study new topics, or devote more time to non-profits. The common theme of retirement is that people migrate from living off their labor to living off their capital. For many, this is a profound change.

The uncertainty of employment is replaced by the uncertainty of investment returns. Retirees’ fixed amount of capital needs to last an uncertain number of years, which makes planning all the more difficult. But…

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