Post-Retirement Planning Doesn't Stop When You Retire
Robert Loss
I help professionals and small business owners keep more of their hard earned money while protecting and growing their nest egg.
Financial planning for retirement, or "post-retirement planning," doesn't end once you retire. Even if you have accumulated enough money for a secure retirement, your plan will require ongoing checkups to confirm that everything is going smoothly.
You will have to continue to make changes and adjust your plan as time goes on. Retirement can last as long as one-third of someone's lifetime, as medicine, wellness, and technology have seen tremendous progress in recent decades.
In other words, having an ongoing plan for this phase of life is quite crucial. You may also experience more changes in retirement than you have previously, as your abilities and health evolve over time.
Your retirement planning strategies will need to be reviewed and updated on an ongoing basis. Conducting annual reviews of your financial plan, at a minimum, and making changes as necessary is a solid course of action.
Here are some 'moving targets' that are likely to change in your retirement years.