With the markets encountering a setback, it is scary, especially when you are nto accumulating assets from working and saving, but decumulating to fund your retirement. This Forbes article provides from great reminders important to understand how your sources of income in retirement are able to keep from having a panic attack!
I would add that it is also important to know what you spend each month. If you know what you are spending, and can handle any unexpected expenses, and your monthly income covers these- that there is no need for concern.
If you know what provides meaning and excitement to your life in retirement, and you have the income to fund these activities, enjoy it and don’t panic!
Plan, plan, and more planning- especially if something has changed in your situation. This means for both your Financial AND NON-Financial plans for retirement.
