Part 7/10:
A palpable regret stems from a lack of comprehensive financial planning. Many retirees find themselves either under-spending, missing opportunities to enjoy their wealth, or over-spending early on, jeopardizing their long-term financial security. A sound financial plan instills the confidence to enjoy retirement without the fear of running out of resources. Collaboration with a financial adviser or utilizing effective planning tools can facilitate this process and help manage expenses throughout retirement’s various stages.