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Approaching Retirement? Advice for that First Year’s Spending.
If you’re on the cusp of retirement, congratulations on reaching that significant milestone. Be aware, however, that you’re entering somewhat uncharted waters regarding your financial situation, since your income stream has changed and your spending patterns will likewise shift. Just as building a retirement financial plan is important in the first place, the need to make a smooth adjustment to a very different financial environment demands attention. Personal finance writer Marc Guberti, in a recent post on money.com, discusses what he calls a state of disorientation that can affect new retirees as they navigate the retirement landscape and its altered financial picture. Check out his post here…