You Don’t Have a Plan for Turning Savings to Income
The biggest perspective shift that you’ll endure is this: your retirement is THE time to spend. Up until now, you’ve saved but, all of a sudden, the gears shift. That means that there’s a huge risk of running out of money before you run out of time. That’s the real danger here.
You might think, oh well, I’ll just budget for as long as I can. But sometimes, that’s impossible. There are taxes you have to consider as well as required minimum distributions- both things you simply can’t avoid.
Turning your savings into passive income will ensure that your money stretches for longer!
