The riskiest time of one’s investment life is the transition into retirement. Moving from having a steady paycheck to relying on your portfolio for income is not an easy task. It is a time that is fraught with worry and the potential of making irretrievable mistakes. (You won’t go back to work for another 40 years to build up a new retirement portfolio.)
The secret to a secure retirement is planning. And, the most important time to have a well-thought-out and actionable plan is just before you retire.