AXA Financial - I'm Retiring Next Year: What Do I Do?

I'm Retiring Next Year: What Do I Do?

Retirement is a time when most people need to make some big decisions. But while many retirees may want to sell off their assets to create a nest egg, experts say that may not be the best retirement strategy.
A video report from AXA Financial (NYSE: AXA)

Perhaps the most important goal for every person who is nearing retirement is figuring out what to save and what to get rid of. But how much money will you need, and how can you figure it out?

Why Selling Your Assets To Create A Nest Egg Is Not The Best Strategy

Retirement is a time when most people need to make some big decisions. But while many retirees may want to sell off their assets to create a nest egg, experts say that may not be the best retirement strategy.

Selling off assets often contains penalties, which make you less money in the long haul. With people living longer today, it may be a better idea to let your investments grow. That way, despite a fixed income, you'll still have money growing to live comfortably no matter how long you live.

When planning for retirement, consider the effect of inflation and taxes. It's a good plan to allow different investments to accumulate money during different time frames, spreading out taxes. You should also liquidate any investments that aren't going to pay enough income for you to enjoy life and make sure you have adequate health insurance.


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Produced for AXA Financial

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