Many people head into retirement with unrealistic expectations and assumptions.
Often, it’s a matter of budgeting incorrectly or carrying too much debt. Someindividuals mightmiscalculatehow soon retirement might be thrust upon them, or they don’t have a good mix of assets to help make ends meet.
When these or other assumptions are off base, it can cause anxiety and lead to serious belt-tightening. Here are someof the key questions to ask yourself about your financial preparations, preferably years before you plan to exit the workforce.
1. Is there enoughguaranteed income?
Most Americans receiveguaranteed retirement income in the form of their Social Security benefits. But these payments might not be enough to support a comfortable …