Do you have a 5/10/20 Year Retirement Plan?

Think your expenses will drop in retirement? Don’t count on it!

Tips for a planning ahead on your retirement plan

5-10-20 year retirement plan“In the first two years of retirement, 28.0 percent of households spent more than 120 percent of their pre-retirement spending. By the sixth year of retirement 23.4 percent of households still did so.”1 

If you’re 5 years away from retirement:

  • Make a list of retirement “needs” and “wants.” If you do not have enough savings for all your “needs,” make a five-year plan to increase your funds.

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