The event is for adults 50 and older. Topics will also include Social Security and Medicare, financial planning, digital job search, social media, and volunteering. Bob Larsen, Chairman of the DuPage County Board Health and Human Services Committee, and Christine Benz, Director of Personal Finance for Morningstar and senior columnist for Morningstar.com, came into our ABC 7 Eyewitness News studio to tell us about the event.
Age Well DuPage
Sunday, April 6, 1 to 4 p.m.
Homeland Security Education Center
College of DuPage
425 Fawell Blvd.
Christine Benz's Tips For Retirement:
Tune out the day-to-day market noise. Focus on what you can control: watch investment-related and tax costs like a hawk. Pay attention to coming up with a sensible stock/ bond/ cash mix.
Don't be afraid to take risk by holding some stocks.
The 3% yield you might earn on bonds today is barely going to beat the inflation rate, so you need to hold stocks as well as bonds and cash.
Consider non-investment levers to help make your money last.
Consider working longer (even part-time) and delaying Social Security benefits to boost your payout.
Find a financial advisor or enlist the help of an adult child or trusted friend to help vet your decisions and provide backup in case something should happen to you. Scrupulously document what you're doing.
Keep your investment plan simple.
Don't clutter things up with narrowly focused, overly risky investments.