Retirement News : Seniors : Baby boomers' retirement accounts

Baby boomers' retirement accounts

Date Added: 14-09-2005

Baby boomers will face challenges as they plan for a lucrative retirement.  Read the excerpt below.

By Tim Dameron-business columnist/Rocky Mount Telegram

Tuesday, September 13, 2005

Most people stopped celebrating half birthdays when they were children.

But this year baby boomers turning 59½ have a reason to celebrate. July 1 marked the day the first baby boomers had access to their IRAs, some 401(k) plans and other retirement accounts money without incurring early withdrawal fees.

Although boomers have access to this money, it should not be a time for a spending spree. They should revisit their financial goals and consider some of the potential risks they face in retirement including:

Read the entire article:

http://www.rockymounttelegram.com/biz/content/business/stories/2005/09/13/20050913rmtdameron.html