Relying on investments for income can be a challenge. Dreamstime/TCABy Coryanne Hicks From Kiplinger’s Personal FinanceRetirement—and the shift to relying on retirement income—marks a crucial change in your financial life. Sure, you can now stop spending so much on new suits and long commutes. However, retirement is when you transition from having a regular paycheck to relying on your investments for income. While this shift may be easy to grasp conceptually, it can be far more challenging to implement as you develop a retirement plan.
Retirement Income Strategies for the Long Haul
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