Everything You Need to Know About Aging, Saving and Security

Q&A With Finance Manager Margery Schiller

Financial Matters: Margery Schiller has been in the business for three decades in five states. Her approach to life planning is about taking care when creating a nest egg and when considering where and how to spend it.
Margery Schiller
Financial Matters: Margery Schiller has been in the business for three decades in five states. Her approach to life planning is about taking care when creating a nest egg and when considering where and how to spend it.

By Sarah Seltzer

Published May 21, 2013, issue of May 31, 2013.
  • Print
  • Share Share
  • Single Page

(page 2 of 2)

What about for younger retirees? What has changed in our modern economy?

One of the other challenges for boomers and younger retirees is that fewer people have lifelong pensions. They can’t just plan to live on a stream of income. In the 1970s and 1980s, when inflation was high, people with pensions were falling behind in purchasing power — while employers said they couldn’t afford cost-of-living adjustments. Back then, that opportunity for a lump sum instead of a pension was welcome. But the reverse of it is you can outlive it.

What is your best advice for baby boomers, even those who are younger?

If people are borderline on affording retirement, I would encourage them to work longer, even if it’s part-time, and build a bigger cushion. It shortens the period you need to be financially independent and allows assets to grow. Clients say, “If my expiration date was stamped on my wrist, I could plan.” Nowadays people are living so long, retirement could be a 30-year period!

What aspects of retirement planning go beyond finances?

People are so focused on planning financially that they forget to occupy themselves creatively. Everyone has time, energy and talent. These are resources beyond money. We frequently see people whose finances are no problem, but they’re still having adjustment issues. Finding your niche is the same if you’re looking for Jewish charities and volunteers as if you’re looking for something secular.

This interview has been edited for clarity and style.

Sarah Marian Seltzer is a writer in New York and a contributor to the Forward’s The Sisterhood blog. Find her at www.sarahmseltzer.com.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • What Thomas Aquinas might say about #Hamas' tunnels:
  • The Jewish bachelorette has spoken.
  • "When it comes to Brenda Turtle, I ask you: What do you expect of a woman repressed all her life who suddenly finds herself free to explore? We can sit and pass judgment, especially when many of us just simply “got over” own sexual repression. But we are obliged to at least acknowledge that this problem is very, very real, and that complete gender segregation breeds sexual repression and unhealthy attitudes toward female sexuality."
  • "Everybody is proud of the resistance. No matter how many people, including myself, disapprove of or even hate Hamas and its ideology, every single person in Gaza is proud of the resistance." Part 2 of Walid Abuzaid's on-the-ground account of life in #Gaza:
  • After years in storage, Toronto’s iconic red-and-white "Sam the Record Man" sign, complete with spinning discs, will return to public view near its original downtown perch. The sign came to symbolize one of Canada’s most storied and successful Jewish family businesses.
  • Is $4,000 too much to ask for a non-member to be buried in a synagogue cemetery?
  • "Let’s not fall into the simplistic us/them dichotomy of 'we were just minding our business when they started firing rockets at us.' We were not just minding our business. We were building settlements, manning checkpoints, and filling jails." What do you think?
  • PHOTOS: 10,000 Israel supporters gathered for a solidarity rally near the United Nations in New York yesterday.
  • Step into the Iron Dome with Tuvia Tenenbom.
  • What do you think of Wonder Woman's new look?
  • "She said that Ruven Barkan, a Conservative rabbi, came into her classroom, closed the door and turned out the lights. He asked the class of fourth graders to lie on the floor and relax their bodies. Then, he asked them to pray for abused children." Read Paul Berger's compelling story about a #Savannah community in turmoil:
  • “Everything around me turns orange, then a second of silence, then a bomb goes off!" First installment of Walid Abuzaid’s account of the war in #Gaza:
  • Is boredom un-Jewish?
  • Let's face it: there's really only one Katz's Delicatessen.
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.