On the threshold of retirement?

On the threshold of retirement? It's nice to get out of the rat race, but you have to learn to get along with less cheese. People normally get apprehensive when retirement is less than a decade away. Yet, financially, it could well be one of the best stages in their life. Let's take a generic profile. Professionally, someone at this stage would be at the peak of his/her career. Children would have completed their education by now and would even be financially independent. Since the number of dependents would have decreased, so would expenses (in proportion to income). So, ironically, the ability to save during these last few years may be higher than it was sometime back. However, it is wise for those in th

This article was originally published on November 24, 2006.