Retirement Income Planning Requires a Different Mindset
Americans are falling behind when it comes to preparing for retirement. One way to be better prepared? Work with a quality financial advisor!
Another way, change your mindset. A term that embodies this is rewirement, changing the way you think about retirement. Retirement income planning is much harder and much different from saving for retirement. Instead of having a saving mindset, you need to spend down assets or decumulate. This can be tough for people. Also, a lot of what you do that works when saving for retirement doesn’t work financially in retirement.
Check out this recent article in Forbes, detailing some of the misconceptions that people have about retirement income planning.