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Question of the week: How do you manage your retirement income?

Making your income last as long as you do is one of the greatest challenges facing retirees. Here's what readers had to say about it:

By Helen Huntley, Times Personal Finance Editor
Published September 9, 2007


One thing I truly believe in is to live beneath your means - before and during retirement! Learn to spend frugally and purchase only what you truly need or sometimes passionately desire.

I also believe that during early retirement '60s to early '70s, it isn't too much of a gamble to invest a little over 50 percent in rather conservative diversified stock and balanced funds. Inflation can and will eat up most gains in CDs, money market and bond investments over time.

I retired at the end of 1999 and now have a larger nest egg than at the beginning of 2000, despite the "crash" of 2000 through 2002, by being a little bit more aggressive than financial people advise. We have almost 60 percent in stocks and stock funds, a few balanced with bonds.

Don't be too conservative.

Glenn A. Paul, Indian Rocks Beach

My tip to managing income in retirement: More income is never enough; the trick to being happy and feeling rich in retirement is to learn to stay healthy and enjoy the things that do not cost too much: Take a 2-mile walk before sunrise every morning, have breakfast and morning coffee on the patio, read the newspaper and solve the crossword puzzle. Later in the day read a good library book and take time to write a letter or an e-mail to an old friend.

Another trick to managing income is to buy a dollar's worth of value for fifty cents. I felt an opportunity to buy bargains when the whole group of mortgage lenders dropped about 50 percent during the 1,000-point drop in the Dow from 14,000.

Ralph K. Laughlin, New Port Richey

Next week's question: Do you support the proposed "Super Homestead Exemption" that will be on the ballot in January? If it passes, would you give up your "Save Our Homes" exemption in favor of the super exemption?

Leave a comment on the MoneyTalk blog ( or send it to Helen Huntley at or PO Box 1121, St. Petersburg, FL 33731.

[Last modified September 7, 2007, 17:45:29]

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