Our 2 Cents

On today's episode of Our 2 Cents, we're focusing on 5 key steps of income planning in retirement. In order to develop a proper plan for your retirement income, these are some of the first steps to follow to begin taking charge of your retirement cash flow.Mastering Your Retirement Income Planning:Step 1: Accurate budgeting is at the core of income planningStep 2: Visualize your future and how you will live in retirementStep 3: Identify your floor income sources and any shortfallsStep 4: Create "Now," "Soon," and "Later" buckets of moneyStep 5: Utilize appropriate strategies to generate income from investments