Planning for retirement can often feel overwhelming. Balancing the need for financial security alongside personal goals and flexibility might seem impossible. However, with the right framework, you can create a plan that works for you now and in the future. 

The Four L’s of retirement planning—Longevity, Lifestyle, Legacy, and Liquidity—offer a clear and structured way to align your retirement goals with your financial resources. Here’s how each of these pillars can guide your decisions. 

Longevity: Creating a Lifelong Income Stream 

Longevity focuses on making sure your income lasts as long as you do. This part of retirement planning involves generating a sustainable income to cover essential expenses throughout your life. Reliable income sources form the foundation for this. 

Social Security is one example—by carefully choosing when to claim benefits, you can maximize its impact on your long-term finances. Pensions, though less common today, provide dependable income for those who have

Keep reading this article on Retirement Searcher, Wade Pfau - Blog.

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