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Prepare to Manage Your Money in Retirement
Managing your money can help you maintain a steady flow of income. Here are key actions to consider:
Start With Your Needs
You'll begin your retirement income plan by understanding your retirement dreams and goals and learning about the key risks and concerns to consider.
Create an Income Stream
Once you get an idea of how you want to live in retirement and work through your retirement budget, you will need to understand your various sources of income to see you through retirement.
Make Your Savings Last
To help ensure your savings last throughout your life, it’s important to understand the various strategies for withdrawing your retirement savings and how to manage your savings in retirement.
Review Your Income Plan
After putting your retirement income plan into action, review it periodically to ensure you remain on track.
