Archive | February, 2010

Recession darkens the retirement outlook for women

Janice Johnson left her job as a managing director at a major New York financial services company at age 49 to start her own executive training business. Almost immediately, that plan was sidetracked when her mother became seriously ill with the West Nile virus. Traveling to Mississippi–where her mother lived–to provide care became Johnson’s main [...] [read full article…]

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How to be a successful consultant

If your second act involves going solo as a consultant, read Richard Greenwald’s article in The Wall Street Journal exploring the factors that drive success for freelancers and solo entrepreneurs. Greenwald notes that high unemployment and corporate downsizing has made solo consulting the new normal–and a permanent condition for many. He cites statistics indicating that [...] [read full article…]

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Reader mailbag: How to draw down savings in retirement

Q: It’s been suggested that I withdraw about 4 percent of my retirement savings ($430,000) each year in addition to my current income of approximately $3,000 per month. I am 70 and my wife will turn 64 this year. We have no mortgage payments, although we do have a $550 monthly car payment for the [...] [read full article…]

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