You Bet Your Life Newsweek Online (04/01/02) Vol. 6, No. 12 p.45; Quinn, Jane Bryant
A retirement strategy is a requirement, and while people who need to build up their retirement savings can try to get more out of their investments, this is not a safe strategy, writes Jane Bryant Quinn for Newsweek. Social Security and federal and state pensions are secure, and private-sector pensions are almost as safe, but retiree life and health insurance are not guaranteed, and investments like 401(k) plans are only as profitable as their owners handle them. Consumers should consider how much money they will need over time and should adjust their investments accordingly, parceling funds among stocks, bonds, and lifestyle funds.