Even if you have spent ample time preparing for retirement, numerous aspects can affect your goals. Consider the following factors as you plan for each stage of retirement:
The amount of money you can withdraw from your retirement plan yearly
The amount of wealth you’ve designated for retirement
How many minimum distributions you must take from your retirement plan
Possible financial benefits of delaying retirement
Outstanding debts, mortgage payments, and bills
Long-term healthcare expenses
Longer life expectancies
Funeral costs/life insurance
Inflation