May 14, 2009
For one thing, whether you have an IRA or a so-called defined contribution plan sponsored by your employer, such as a 401(k), or a combination, you should stop thinking of it as a retirement account but rather consider it part of your "longevity planning," says Deena Katz, a financial planner with Evensky & Katz Wealth Management in Coral Gables, Fla. Katz is currently teaching retirement planning at Texas Tech University and earlier this year testified before the Senate Special Committee On Aging about securing retirement in a volatile economy.