Answers

  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

    Get a FREE phone consultation
    with an advisor. Learn more...
  • Thank you for using the NewRetirement Retirement Calculator. We hope you were able to learn more about your financial situation and the risks your finances may encounter in retirement.
    https://www.newretirement.com/retirement-calculator/default.aspx

    You are right to be concerned about your investments. As a general rule, you should probably not have any money invested in stocks that you can not afford to loose.

    Many financial advisers recommend that retirees invest in a lifetime annuity with inflation protection to cover all of your necessary retirement income. You can learn more about annuities here: http://www.newretirement.com/Services/Annuities.aspx

    And, you can estimate the amount of income your money can buy with the NewRetirement Annuity Calculator here:
    https://www.newretirement.com/Services/Annuity_Calculator.aspx

    Or, find prescreened lifetime annuity providers here:
    https://www.newretirement.com/annuity-marketplace.aspx

  • Login to rate this answer:   Answered on 7/12/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.