For decades, Americans are encouraged to work, save and build a retirement nest egg. But when retirement finally arrives, the focus shifts from accumulating money to figuring out how to use it.
According to Matt Dages, founder and CEO of Bright Wealth Management, that transition is one of the most overlooked parts of retirement planning.
“That transition is widely overlooked in the aspect of tax planning and income planning and what changes when you start going from collecting a paycheck every two weeks, once a month, whenever you’re getting paid, to then all of a sudden you have to create your own paycheck on a regular basis from your investments
Source: How proactive retirement planning turns savings into a retirement paycheck – KTAR.com