To Create a Better Plan for Retirement Income, Start Earlier

Let’s explore how to figure out how much income your savings can generate at retirement and how to build a better plan when retirement is five or 10 years away.

A couple look happy as they look over financial paperwork at the kitchen table.
(Image credit: Getty Images)

The earlier you get serious about retirement income planning, the better, whether you are in your 50s, or in your 60s but delaying full retirement. We will first distinguish between plain old retirement planning vs. creating a plan for retirement income, which this article will address.

Let’s ask an AI chatbot about retirement income first

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Jerry Golden, Investment Adviser Representative
President, Golden Retirement Advisors Inc.

Jerry Golden is the founder and CEO of Golden Retirement Advisors Inc. He specializes in helping consumers create retirement plans that provide income that cannot be outlived. Find out more at Go2income.com, where consumers can explore all types of income annuity options, anonymously and at no cost.