Retirement Milestones and Medicare Mistakes

WHAT YOU THOUGHT YOU KNEW

BY MARCIA MANTELL, RMA®, NSSA ®, AND MOE ALLAIN, RMA®, CPWA ®, AAMS ®, MBA

ONE OF THE MOST important assumptions in developing a retirement-income plan is estimating each client’s age of retirement. But retirement expectations can be deceiving. Clients aren’t always sure about the "right" age to retire. Some have an ideal date in mind. Others find they do not control their retirement date. Other factors, people, and risks can influence the date of their last paycheck.

How can any client successfully plan for stepping into retirement and ensuring a sustainable retirement income when this imaginary finish line is moving?