Five Years Away From Retirement
When you get close to retirement, you need to be able to answer one important question:
Do you know exactly how much money it will take for you to retire comfortably and to stay comfortably retired?
- Your money outlives you. You are able to retire with dignity and independence.
- You outlive your money.
(Yes, we all want to bounce the check on our last day, but since we don't know that day, it is rather hard to plan for it)
The difference between these two outcomes is a formal, date specific plan. While a plan can't guarantee success, it can point out things that you can work on before retirement to increase your chances of success.
When you're five years from retirement, this is a great time to create your retirement income plan. Give us a call and we can help!