Many investors prepare for retirement by putting money in company-sponsored 401(k) plans or personal individual retirement accounts and working with their financial advisor to come up with a plan for retirement.
But how do you budget the wealth that you've amassed to help get you through retirement? When is enough really enough, and how are you going to spend it? Creating a proper financial plan before and during retirement is an important tool for all investors.
Let's break this down into two segments: planning before retirement and planning during retirement.