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Many also view their financial standing as fair or poor.
With retirement so close, now is the perfect time to seek help getting back on track.
Does this mean you dont need anyone to help you the rest of the way?
That couldnt be further from the truth.
This can be a huge adjustment for some people.
So much so that it makes sense to hire a financial advisor to help you along the way.
To do this, you gotta create an income plan.
There is no right or wrong way to build an income plan for retirement.
Many retirees have an inkling of what they want for their heirs, said Kates.
This is a wakeup call for soon-to-be retirees.
When you are retired, you cannot take risky steps with your future income.
However, its important to find a good balance.
Being too risk-adverse can also have negative effects because your income may not outpace inflation.
While this is true, they also play a large part in the decisions you make after you retire.
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