Topic Reviews

With The Stock Market Crash Can You Still Retire As Planned?

Posted December 30th, 2009 by admin

In the last couple of years, American retirement plans have lost nearly two trillion dollars of their asset values. If you’re depending on your best 403 b retirement plan and other retirement plan to sustain you during your retirement years, you should start to pay attention to your retirement plan statements.

Most investors, after they’ve chosen the initial investments for their retirement portfolio, rarely take another look at it. To have the best chance of actually having a retirement portfolio that will support you once you retire, you have to manage it.

computations] are easy if you use affordable financial planner software to plan your portfolio.

Once you’ve computed your portfolio’s current value, depending on how long you have until retirement, you may have to re-assess your retirement options.

If you’re fortunate, your portfolio will have out-performed your income projections. In this case, you won’t have to modify your retirement plans much, if at all. If, however, you are like most people, your portfolio has seriously under-performed your original income projections. In this case, you have a few hard decisions to make.

Typically, the choices you have will fall into one of three options. 1) You can decide to step-up the amount of money that you are currently amassing into your account in order to bring it up to the amount that you’ve projected its value to be at this point. 2) You can downsize your expected retirement lifestyle to match your portfolio’s new projected future value based on it’s value today.

The last and final choice you have, is to delay your retirement for a few years to build up your retirement nest or, alternatively, to plan on working part time when you finally retire, in order to avoid having to drop your standard of living.

Please visit Eric Bayne’s website for more info on 401k rollover benefits and other retirement options.

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