Retirement can be a scary proposition if you aren’t prepared for it. Which is why it’s great that we have TheStreet’s “Mr. Retirement” Robert Powell with us to help alleviate some of those retirement concerns.
Here are four of Powell’s best tips for people who are planning to retire in 2019:
Identify Sources of Income
Will you be drawing from your IRA in addition to your Social Security income?
What are essential expenses vs. discretionary expenses? Housing typically accounts for one-third of your expenses in retirement, so factoring that recurring expense into your retirement plan is key.