When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment risk, inflation risk, catastrophic illness or long-term care, and taxes, you may not be able to enjoy the retirement you envision.
Suddenly moving from the daily grind to the slower pace of retirement can be challenging. Begin with these top 10 tips to help you ease into a happier time in your life.
Research shows that more than 50 percent of people who haven’t planned for retirement are nervous about the impending change, however 95 percent of people who have prepared are optimistic and excited about giving up work.