Hopefully you are creating a retirement-income plan several years before retirement. This allows for reviews and revisions to your budget, retirement accounts, and overall plan as your lifestyle and expenses change.
It’s never too late to create a retirement-income plan! If you’re close to retirement and just starting the process, you can still take control of your retirement destiny by creating a plan today. If you understand your monthly budget, how your investments are performing, and the sources of income you plan to use during retirement, you will still have opportunities to improve your plan as you go into retirement.
A retirement-income plan doesn’t stop the moment you retire. I encourage you to continue to budget and manage your investments to make sure everything is going according to your plan.
Congratulations on taking an important step towards enjoying your golden years!