The road was long but you made it and now the rest of your life has begun. Through hard work and dedication, you saved and invested, and now it’s time to reap the rewards. One question remains prominent in your mind however, “do I have enough money to last for the rest of my life?” Just because you’ve stopped working, doesn’t mean your assets can. You still need a plan that helps ensure you make it to the end of your path in comfort and without worry. Pathlight can help.
Continue saving and make sure your savings are growing. Longevity and health issues need to be top of mind in retirement so some growth is essential at any age.
Limit withdrawals from IRA’s and pension accounts to required distributions if possible.
Avoid frivolous spending and spending too much on your heirs if you cannot afford to do so.
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For most people in retirement, Social Security is an integral part of their monthly income. But it simply isn't enough if you truly want to enjoy your retirement. Learn how Social Security can be enhanced with a long-term income strategy.SEE INFOGRAPHIC