As thousands of baby boomers rush into the retirement system each and every day, planning for the retirement you hoped for can be a tough task. After all, people have worked a lifetime in most cases to accumulate what they have, and never before now have they had to attempt to develop a plan that will help them spend some of their savings.
Common questions revolve around whether or not you have saved enough to how long can you make your savings last. While using a retirement calculator or speaking to a financial professional may help you determine how to invest your money, is that all you need? Don’t forget to consider the three planning mistakes that people tend to overlook when planning their retirement income lifestyles.
Here are a few questions to think about:
- When are you going to retire? Some simply do not know.
- Have you thought about how your day-to-day lifestyle will change in retirement?
- Where is your paycheck going to come from in retirement?
These questions, and much more, will be answered on Income For Life Radio this week – so tune in to learn more about Underestimating What You Need In Retirement and make sure to check back to our radio page on our website for the podcast, which are available 24 hours a day/7 days a week.
Matt Nelson, president and host of Income For Life Radio
Income For Life LLC
877-284-8929 | www.IncomeForLife.org