8 critical questions you need to answer today
Are you prepared to spend the money you accumulated?
For most, the idea of spending money to support their income needs is very scary. You relied on your paycheck and perhaps, had to periodically dip into savings to cover expenses. In retirement, the paycheck stops. While Social Security or a pension might provide some income in retirement, it is up to you to structure a plan that provides you with an income stream, while hoping that the well never runs dry.