This is a time which many people dream of living a comfortable retired life by staying at a second home or spending time with grandchildren, but not everyone reaches the destination. At this point, one should consider the following questions:
- How can I get monthly income since now the regular flow of income has stopped?
- Whether my savings are sufficient to maintain my current lifestyle?
- Can I support my own medical expenses?
- How do I ensure my spouse’s well-being if he/she outlives me?
- Am I financially independent?
All these questions are very critical and everything zeros down to how well you’ve planned for retirement while working. Moreover, you are worried about the safety of retirement funds at hand rather than rate of return. Again, each case is different and needs special attention.
We are there to help you! Give us a call and we will help you plan your second innings.