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BY RICHARD CHEW
LOOKING AHEAD
5 Steps to Building an Effective Retirement Plan
uring the past two
years dealing with
Covid I have had a
number of current clients ask me and our team 2 questions:
1.
2.
As you approach retirement, you will face many decisions that will impact your lifestyle. Many of these decision-points revolve around the success of your future financials. Retirement income planning – or creating a plan to cover expenses and retirement uncertainty – is an essential step.
But everyone has different income needs, and they vary in their readiness for retirement. Plus, today’s retirement landscape is far different than what our parents and grandparents dealt with.
In the past, a steady pension from an employer, dependable income from Social Security, and a small fund of retirement savings was standard fare. But now those days are largely a distant memory for most people.
Even though retirement planning has become more of a personal responsibility, there are measures you can take to achieve a financially confident future. Here’s a look at five effective steps that will help you build a solid game plan for a success retirement lifestyle.
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Photo Credit Christopher Sardegna