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
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.