Not having a plan is a plan to fail. The #1 fear of retirement is running out of money, so how can you avoid that? Many people think that just having a 401(k) or an IRA is a plan – NEGATIVE! A plan is the process of putting together the savings you’ve accumulated to reach a desired income.  The investment is a “holding pen” where the money is, a plan puts the money in action. As you get closer to retirement, you have to focus more on income vs investments due to time needed to make up for any losses. It’s all about the plan, the goal, the objective.