TOPEKA, Kan. (WIBW) – People are living longer and costs keep rising. However, studies show most people nearing retirement have never met with a financial advisor.
Carl Carlson, founder and CEO of Carlson Financial, visited Eye on NE Kansas to share why avoiding a proper plan could be a costly mistake.
Carlson said running out of money is a big fear for people in retirement. He says the first step is making a budget, so you know what you’ll need.
Once you have a plan, Carlson said you should realizing how inflation, stock market volatility, potential tax increases and health care costs could change the picture.
Carlson said you should have a goal of creating a mix of income sources during retirement. Those could include social security, pensions, retirement accounts and annuities.
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