The Illusion of Safe Investing
By Dennis Miller, Editor, Money Forever
Retirees are often more concerned with the return of their money than the return on their money. It’s understandable; after our peak earning years have passed financial safety becomes our primary concern since the opportunity to earn back investment losses is essentially over.
My high school graduating class celebrated its 50th reunion in 2008. Since then I’ve noticed more and more friends losing their spouses, many after fifty or so years of marriage. As expected, the widows club is growing at a faster pace than the widowers group. Biology and the plain fact that women often marry men a few years older than they are mean that’s unlikely to change.
It is hard enough to lose your spouse, but when the more financially savvy partner passes away, whether it’s the husband or wife, stress on the survivor compounds quickly. Widows and widowers often feel helpless and vulnerable when forced to handle tasks their spouse had usually managed. Continue reading
