Retirement Savings Stage 4:
Congratulations, you’ve made the decision to retire. Or you may be “transitioning” to retirement and you’ll still be working 10 to 20 hours per week. Your biggest tasks now involve generating a “retirement paycheck” that will last your entire life (which keeps ahead of inflation), protecting your nest egg, and preparing to pay for rising health care costs. You’ll need to have a retirement income plan in place and to be able to monitor it and make adjustments when necessary. Make sure this plan allows you to focus on this wonderful stage of life without financial stress.