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EFORE YOU retire, determine whether you can afford to do so, advises financial planner Richard Peck.
“I cannot imagine anybody retiring without some kind of a road map or some picture that gives you some confidence whether you have enough on which to retire,” Peck told Council 2 members during the recent Legislative Weekend held in Olympia. Peck, who works from an office in Mukilteo, specializes in retirement planning for public employees.
“You might be looking forward to retirement, but one thing worse than having to go to work every day is retiring and having your money run out,” Peck, a retired school teacher, said. “You don’t want to be faced with having to decide in retirement whether to cut back on cable, vacations and so on."
