3 Money Moves to Make During Your First Year of Retirement. To ensure that things go smoothly from a financial perspective, here are three key money moves it pays to make once retirement begins. But don't rush to move all of your investments out of stocks; you still want a healthy mix to ensure that your portfolio delivers a decent overall return. Along these lines, you might consider putting some money into municipal bonds, which offer the benefit of tax-free interest payments at the federal level. Figure out the ideal savings withdrawal rate Ideally, you'll be entering retirement with a healthy amount of savings. But how much should you plan to withdraw each year? To answer this question, many people rely on the 4% rule, which states that if you start by withdrawing 4% of your nest egg's value during your first year of retirement and then adjust subsequent withdrawals to keep up with inflation, you stand a strong chance of having your savings last 30 years. If your investments aren't generating a high enough return to support a 4% annual withdrawal rate, you may need to adjust that number downward. If you focus on creating a budget geared to your new lifestyle, reviewing your investments, and developing a smart withdrawal strategy, you'll be better positioned to enjoy the stress-free retirement you've worked so hard for. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income.
Daniel Day-Lewis, the iconic actor known for his starring roles in “Lincoln,” “Last of the Mohicans,” “There Will Be Blood,” “In the Name of the Father” and many more, announced on Tuesday he would retire at the end of this year, after completing a final film.
“Daniel Day-Lewis will no longer be working as an actor. He is immensely grateful to all of his collaborators and audiences over the many years. This is a private decision and neither he nor his representatives will make any further comment on this subject,” his spokeswoman said in a statement to Variety.
Day-Lewis, 60, has had an enviable career and appears to be retiring at the top of his game. He won three best-actor Oscars, one for “My Left Foot,” another for “There Will Be Blood” and the third for “Lincoln.” He earned two…