Grandma's tips for a long and prosperous retirement
Money
magazine in its September issue, lists four steps to "Worry-Free Retirement":
Know the risks of stocks and bonds
Crunch the numbers
Worry less by downsizing your plans
Control what you can including spending
The advice is laced with what are probably savvy suggestions for making the decision between stocks and bonds, calculating risk and evaluating the value of a pension, no matter how small.
As I read it, I couldn't help thinking about my 85-year-old mother-in-law, a recent widow. She and her late husband, a former draftsman, lived in retirement for 20 years – on his pension, banking most of their combined Social Security.
