Act 2/Retirement

Editor's note: Reinventing our careers in Act Two

It seems there are virtually endless numbers of new careers that we in the Act Two generation take up later in life.

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Saul Friedman

Use tax-deferred savings only as your last resort

November 17, 2007

The note from Rita, a reader, got me to thinking about the foolishness she and her husband, Frank, were about to commit: They can't sell their home on Long Island right now because the market is bad, so she asked if they could they use part of Frank's 401(k) to buy a retirement condo in South Carolina without having a tax burden.