Here's a do-it-yourself plan for low savers, but be aware than not even a professional planner can foresee all the financial surprises that occur in all of our lives that can come from such things as an elderly parent or other relative who needs help, a collapsing stock market, high inflation, disability, or living beyond our original estimate of life expectancy.
The list of unknowns is large, so we counter that by making a new plan as needed, just as a commander does when the enemy changes tactics. We'll also cover some common ways to enhance retirement income. That said, a professional planner can add perspective and help on investments, insurance, estate planning and annual budgeting.
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