People entering retirement are facing concerns that retirees simply did not face 20 and 30 years ago. As healthcare is improving and life expectancies rise, you are likely to live longer during retirement than past generations. And, unlike your parents and the generations of the past who had their retirement funded mostly with guarantees made by their employers and the government, the assets you have accumulated may be your primary source of cash flow.
In addition to the concerns that exist, it is important to first establish a clear vision of what retirement means to you. Will you continue to work part time? Will you be traveling the world? Everyone’s vision of the “dream” retirement is different.