Boomers' Financial Futures in Flux

WHAT ARE THE 4 BIGGEST FEARS FACING BABY BOOMERS?

1. Changing the mind set from wealth accumulation to wealth preservation.
It means taking less risk in your investments.

2. Getting a Lump-Sum.
Where do you put that and if you put it into a balanced stock & bond portfolio, how will you be protected in bad markets and will diversification save you?

3. Converting equity to income.
Taking an all stock portfolio and adding bonds? Selling real estate and buying an Annuity?

4. When and if you will purchase Long Term Care: Answer from Kiplinger

WHEN TO TAKE A COMPANY BUYOUT?
a. Depends how close you are to retirement. If you are two to three years away and your buyout includes two years of your salary, then it's a no brainer.
b. Does the buyout include health insurance? If not, you may want to think twice.
c. Lump sum or pension? Compare the pension payment to an annuity payment . If the annuity payment is greater, take the cash.

READ PART TWO HERE