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Its a start, but its not the only thing you better do to retire well.
Having multiple streams of income can help your golden years shine with security.
He emphasizes that theultimate financial goalin retirement should be recreating that paycheck, even after youve stopped working.
This approach can help you reduce risk.
The biggest risk early in retirement is sequence of returns risk, Zizzi explained.
This often happens when someone is overly concentrated in only one asset class like stocks early in retirement.
Zizzi highlights the importance of passive income as a way to diversify your revenue streams.
pre-tax, tax-free, and taxable).
For your variable expenses, you could rely on assets likestocks or real estate.
it’s possible for you to find powerful financial planning software to help you visualizepossible retirement income scenarios.
He also recommends actively running your retirement scenario throughout your retirement years to avoid overspending or even underspending.
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