{"id":7345,"date":"2019-02-17T09:14:54","date_gmt":"2019-02-17T13:14:54","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=7345"},"modified":"2019-02-17T09:15:04","modified_gmt":"2019-02-17T13:15:04","slug":"consumer-reports-features-kerrys-advice-on-work-and-retirement","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=7345","title":{"rendered":"Consumer Reports Features Kerry’s Advice On Work And Retirement"},"content":{"rendered":"\n

If you\u2019re still working and saving for retirement, you can take these market drops<\/a> in stride, since your investments have time to recover. But if you’re within a few years of retirement, or recently retired, this volatility is a reminder to review your portfolio. Big losses, especially in the early years of retirement, could derail your finances if you haven’t planned for them.<\/p>\n\n\n\n

Keep Working If You Can<\/h2>\n\n\n\n

If you aren\u2019t sure you\u2019ll be financially prepared for retirement, consider staying at your job a bit longer. Those extra years of income can help you build a cash cushion, as well as postpone Social Security claiming, which can boost your benefit; more on that below.<\/p>\n\n\n\n

Granted, working longer can be a challenge. But it will help to keep up your skills by taking advantage of any employer training that is offered, or by developing new skills outside the workplace, says Kerry Hannon<\/a>, author of \u201cGreat Jobs for Everyone 50+.<\/a>\u201d<\/p>\n\n\n\n

If you can\u2019t remain at your current employer full time, plan a transition to a second career after retirement, a process that could take three to five years. <\/p>\n\n\n\n

\u201cYou need time to do your soul searching and research, and you may need to pick up some training certification,\u201d says Hannon.<\/p><\/blockquote>\n\n\n\n

To learn about second career possibilities, you can attend industry seminars, as well as take classes at a community college or online. LinkedIn Learning<\/a>(formerly Lynda.com) offers unlimited classes starting at $24.99 a month, and EdX<\/a>, Coursera<\/a> and Udemy<\/a> offer thousands of classes. For more career tips for older workers, go to the AARP.org\/work<\/a>.<\/p>\n\n\n\n

Cick Here To Reading The Full Article: How to Protect Your Retirement Portfolio in a Market Downturn on Consumer Reports.<\/strong><\/a><\/p>\n\n\n\n

by Carla Fried<\/strong><\/p>\n\n\n\n