Retirement Income

One of the most common questions I hear is, "Have I saved enough for retirement?" It's an important question, but the answer depends on much more than the size of your retirement account. You retire on income, not an account balance.

At least, not until you have a plan. The plan tells you what your "number" really is.

You've been accumulating and saving for decades. In retirement, the paychecks stop. The automatic savings stop. And now your savings may need to produce income for the rest of your life. That changes the game completely.

When's the best time to plant a tree? Twenty years ago. The second-best time is today. The same is true for retirement planning. You can't change the past, but you can start planning today. And it's probably easier than you think.