This week, Mike discusses whether or not a retiree should get out of the stock market. There are many concerns to think about, including:

* Do you have a pension plan?

* If you have an annuity, what issues should you consider?

* Could you possibly have a long-term care event before you pass?

* There are two different kinds of risk, and It is important to know what kind of risk you are talking about and how you handle both.

* Seen risk: volatility; being risk-averse or time to weather the next downturn (afraid of dying sooner)

* Unseen: inflation and the increasing cost of living (potential of living longer)

* Why is a diversified portfolio so important: like having investments in “time buckets”?

* People want to get to the point they don’t want to worry about money, but how much does that actually take? A lot has to do with how you view money and where you get your contentment.

* One of the biggest concerns seems to be health care: long term care events and how to pay for them.

* If you invest too conservatively, you might have to reduce your standard of living so that you don’t outlive your money.