Kiplinger

A One-Size-Fits-All Plan Won't Give You Your Ideal Retirement

If you're having minor chest pains for the first time, you'd probably go to your doctor. But if the issue persists, then you would probably seek a cardiologist. This isn't because you don't like your doctor, but if you have a unique problem like this you would seek a specialist as opposed to a general practitioner.

Retirement planning is no different. It involves a different way of thinking than planning for financial growth alone. It should speak to your individual goals and the retirement lifestyle you envision. It's not a one-size-fits-all formula. It requires specialization.

Through most of your life, you probably wanted to grow your money as fast as possible.

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger4 min readAmerican Government
Where the Midterm Election Races Stand Today
With the congressional midterm elections only weeks away, here’s how we think things will shake out. In early spring, Republicans appeared well on their way to steamroll through the midterms and win back control of the House and Senate. Democrats wer
Kiplinger3 min read
Cryptocurrency: Stay In? Get Out? How to Decide?
Warren Buffett is famous for saying “Only when the tide goes out do you discover who's been swimming naked.” If you invested in cybercoins, the news has not been good lately. Are you wearing your bathing suit?  What to do?  Is time to take your profi
Kiplinger5 min read
What You Need to Know About Life Insurance Settlements
Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own

Related Books & Audiobooks