Q: Because of the positive and negative fluctuations of our money and assets, as retired citizens we feel insecure and somewhat frightened about how to handle our finances. We worry about political leadership; inflation and deflation; the real estate market and whether we should sell our home; inheritances for our kids and grandkids; and many other things. Do you have any advice about how we should deal with our money?

A: Manipulating money to try to increase our assets always presents a mixed bag of concerns. We ask ourselves so many questions: Have we already succeeded in building our nest egg? Do we have anything to gain from investment? Which markets will be successful or detrimental for us? Often these questions conflict with each other, and we feel we have to attribute any successes to just plain luck!

The late Irving Kahn, a successful investor and follower of Benjamin Graham (the father of financial analysis advice), always recommended that stock investors remain patient. He believed that it's important for buyers to know much more about the stock than those selling it. Make sure you have an active role in decisions about your finances.

Setting financial goals for yourself is vital, so make an appointment with a stockbroker to assist you in structuring goals appropriate to your age and circumstances. Individuals differ in their willingness to take on risk. How you adjust to actual results may require you to rethink your plan and reconsider your habits.

Be proactive, and don't put all of your eggs in one basket! — Doug

SETTLING IN

Q: My husband and I just retired this year and we're still figuring out the adjustment. I'm filling my time with a lot of volunteering, but it seems like my husband is really struggling to find things to do and has started taking a lot of naps in the middle of the day. I'm afraid he's getting old before his time. What can I do to keep him engaged?

A: Adjusting to retirement can be very difficult for many of us, especially for men who have invested all of their time and energy into work. Having so much free time can make them feel bereft, even when they've been looking forward to it for years. This change also often upsets relationship dynamics.

Thankfully, it sounds like you're having a much easier time of it! Communication is key in every relationship, and you may have a lot of wisdom and enthusiasm to offer your spouse.

Since your husband seems at a loss, consider planning activities for the two of you to do together. You could start playing tennis, working on a book or taking a class together. If your finances allow, this could also be a great time to go on the vacation you've never had time for.

Ultimately, creating a routine is the best thing you can do. Make sure there's something to look forward to every day! — Emma, Doug's granddaughter

Doug Mayberry makes the most of life in a Southern California retirement community. Contact him at [email protected]. Betty is a friend of Doug Mayberry, whom she helps write this column. To find out more about Doug Mayberry and read features by other Creators Syndicate writers and cartoonists visit the Creators Syndicate website at www.creators.com.

Photo credit: Texas State Archives