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Having a solid plan to replace your regular paychecks
According to a recent Gallup poll, 46 percent of those who are not yet retired projected they won’t be financially comfortable when they stop working. Similarly, in the Ameriprise Financial poll, only 21 percent of the retired respondents said they felt confident about drawing down their assets. Obviously, many people are concerned about transitioning from the mindset of growing their money to living off of it. But with a plan, you’ll have a better chance of avoiding the worst-case scenarios that make pre-retirees and retirees so nervous. The attached article lists some things you should consider when analyzing income in retirement and developing income plans. Read article here…
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