Retirement

Hard to believe planning for retirement starts on your first day of work. Most people desire a fulfilling lifestyle when they retire. You accumulate wealth during your working years and live off (distribute) your wealth when you stop working. These are two distinct phases of life requiring different strategies. Traditional retirement approaches invest all your money in assets - stocks, bonds, and other investments - and begin to take fixed, consistent withdrawals as retirement income. This approach may not be the most efficient or provide the desired income. However, there are other approaches to consider.