Even careful, dedicated savers don’t always have a strategy in place to meet financial needs during retirement. “Many times, they’re just putting money aside and hoping it will work out,” said Jeff Photiades, wealth management advisor with Northwestern Mutual in Manchester, New Hampshire.
Do you have a date for retirement set in your mind? Most people plan for years in anticipation of their last day of work. But what if your boss unexpectedly offered you a buyout to retire earlier than you planned? At first glance, the thought of getting a lump sum not [.]