retirement income planning

Retirement income planning involves organizing your financial resources to ensure you can maintain your desired lifestyle after stopping work. It includes estimating future expenses, evaluating current savings, and deciding how to generate income—like Social Security, pensions, withdrawals from savings, or investments. The goal is to create a sustainable plan that lasts throughout retirement, balancing income sources with expected costs. Proper planning helps reduce financial stress, prevent running out of money, and allows you to enjoy your retirement years confidently.