How to incorporate investments into retirement plan

Part four of a series on financial planning for retirement

I’m getting ready to retire. No, I’m not retiring anytime soon. But I’m a financial planner and investment manager, so I plan and you should, which is the reason for this little series. So far, we’ve talked about knowing what you spend, planning for big expenses, and evaluating guaranteed income; today we try to reconcile the three.

This is really quite simple: just have enough investments to supplement your income. For those for whom the last sentence is true, you can stop reading. Now for the rest of you…

Assuming you want investments to provide money during your retirement, you would first check to see if your mutual fund is still close to what you need. I’ve mentioned the 4% rule in the past. Ignore that for now. Instead, look at how much income the investments are earning need to provide each year.

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