Retirement is a process that is difficult and many times it does not happen on our time frame. Life transitions by definition include surprise. These surprises can shock us and provide an unstable financial environment.
Making financial decisions in this place can easily lead to significant consequences that won’t be a good fit for the long term.
Many people are overwhelmed by this place and seek assistance. Be sure that your retirement planning should address:
- A process for shifting your assets from a growth mode to an income mode.
- A realistic shift in assessing and confronting the risks of health care needs and long term care.
- Some hypothetical models to show the 20-30 year impact of the immediate decisions you have to make.
- A thorough understanding of the retirement lifestyle you desire and its impact on your net worth.
Bottom line, many retirees struggle with the basic worry of running out of money too soon. A good retirement plan will explore this concern and provide workable strategies to match your dollars with your dreams.