9 Ways to Not Run Out of Money in Retirement
5) Find an Objective Financial Planner
While some people are happy with a financial planner, some experts recommend that you get two people involved with your retirement planning to ensure your accounts thrive. With an investment manager and a financial planner, you can get all the details figured out and in order. You want people helping you with your finances that are willing to give you an objective review of your retirement plans before the time arrives. Those decisions that you make in the years leading up to and immediately after retirement could have irreversible consequences and impact your cash flow. As an example, if you make withdrawals that are too large you might find yourself running out of money much earlier than you ever anticipated. You need people who will keep an objective outlook on your financial situations, and have your best interests as their priority.