Retirement Income - Not All Income is Created Equal 2/3

When planning for retirement, not all income is created equal. Some income is guaranteed some is not. Some income is flexible some is less flexible. 

The key to creating a balanced income in retirement is to diversify your financial assets and income streams. 

This is the focus of the second part of my series on Retirement Income - Not All Income is Created Equal.

Retirement Income - How much is Enough Part 1/3

The image of retirement is one of luxury vacations, golfing with your friends 3 days a week and spending time with/and spoiling the grand children.

The reality for many is pinching pennies, limited travel and maybe dinner out once a month.

Many baby boomer's are finding the costs of their lifestyle are too much to manage in retirement.

As credit card bills start to mount, downsizing has more to do with eliminating debt and expenses. For many the first 5 years of retirement can be an eye opener!