Everyone has different goals for retirement, but the most common one is reliable income so you can live the life you want.
Ensuring you have a consistent source of income will allow you to maintain your lifestyle in the future if you change how much you work. In retirement, it’s important to go beyond accumulating assets and to understand how a stream of income provides you with freedom and stability. Building a portfolio of tools now that will generate the income you need later is an important part of retirement planning.
In addition to generating income, you may want to consider things that might disrupt your plan, such as health-related expenses. There are solutions you can put in place that can help you be prepared to cover these events and protect you and your loved one's lifestyle.
It's never too early to put a plan in place that will help provide income for the rest of your life, even if you have a few years until retirement. Remember, in retirement if you've got income, you've got it all.
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