As Seen in Investopedia: Your After-Retirement Money Guide
September 29, 2021
According to Investopedia, as people head into their retirement years healthier and more capable, this stage of life can actually last a lot longer than many might think.
For this reason, having the right financial picture is vital. Maintaining savings, generating retirement income and managing assets are all par for the course during retirement, with lots of important decisions waiting along the road.
Some will have several income streams during retirement, like defined-contribution plans, pensions, Social Security benefits, and so on. Managing those income sources so that your money works for you is a great approach to achieving lasting retirement success.
Filling the gap between income and expenses also has a number of options during retirement. You can make adjustments to some discretionary expenses in the event that costs become problematic.
For more on how to manage retirement income streams, view the full article on Investopedia here.
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