Take an Inventory of Your Assets
New York Times (02/14/02) Vol. 16, No. 1 p.32; Gunsauley, Craig

Financial advisors state that individuals should calculate their net worth yearly in an effort to better gauge their retirement savings. The Employee Benefit Research Institute noted that most retirees' income is 40 percent Social Security and 20 percent pensions, annuities, personal savings, and post-retirement jobs. However, retirees can also gain income through refinancing their homes, obtaining inheritance, cashing in life insurance policies, or taking full advantage of tax-favored savings accounts.


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