Best Of: Preserving Lifestyle in Retirement
Manage episode 428001644 series 3561355
Retirement is no longer about sitting in an easy chair and feeding the birds. People are now enjoying their retirement years and may be in retirement for a long time without a job. It is important to have a plan for managing finances in retirement. One common mistake is having too much risk in a retirement portfolio, so it's crucial to have a balanced portfolio that can withstand market downturns. Preservation of lifestyle is key in retirement, and it is important to have a clear understanding of one's financial situation and goals.
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