Your life is constantly changing and the same can be said for your financial needs. Make sure that your investment plan is still on track to help you reach your financial objectives. The general rule of thumb is every two years, go back to that plan and check to see that it still works for you. Ideally, your budget will shrink as you get older. Examine your goals and significant life events that may have occurred and adjust your plan if necessary. If you continue to live a budget-conscious lifestyle after retirement, you should find that you enjoy approximately the same quality of life without spending as much money.
November 30, 2015