If you’re like many people, you might see that retirement is creeping up on you. If so, you may be wondering how you should set up your retirement income. Maybe you’ve talked about it with some friends and asked for their opinions, and read about it on the internet. Perhaps you’ve also spoken with a financial advisor.
In today’s turnkey world, there are myriad applications and app-based options online that purport to make it convenient and easy to manage your financial matters. Likewise, there are many of what I call “snake oil salesmen” who will happily create a financial plan for you in exchange for some of your hard-earned money. The problem is that neither of these options can really help you effectively plan for retirement. Sure, the former claim to make planning something you can easily accomplish and the latter often retrofit your objectives into a one-size-fits-all “canned” plan that’s sold to every client.