Best money moves for seniors

To have the retirement you want now, you may have to tap a little more of your earning power -- and tap into your spirit of adventure. Here are 6 ways to make it happen.

How to turn assets into income
How to turn assets into income
Stingy stock returns are threatening to upend the standard rule of thumb for making your money last: Withdraw 4% of your assets the first year you retire, adjust annually for inflation, and you'll have nearly a 90% chance of your money lasting 30 years. But that calculation assumes 8% returns for stocks, 5% for bonds.

Given today's low interest rates and choppy stock market performance, some advisers suggest starting at 2% or 3%.

Too little to live on? Learn to balance conservatism and cash flow.


By Donna Rosato @Money - Last updated April 04 2012: 6:46 PM ET
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