Structuring Retirement Income for Different Phases of Life

Retirement is not a single, static event. It is a journey that can span two or three decades, and the financial needs you have at 65 may look very different from those you have at 75 or 85. Retirement income planning by phase gives you a framework for thinking about how your spending, income sources, and financial priorities are likely to shift over time.  Building a strategy that accounts for those changes from the start can help you stay on track throughout the full arc of your retirement.