Retirement planning is an essential part of financial stability. Alan Cohen discusses the importance of having a clear financial plan, including strategies for income generation from various sources such as dividends, bonds, and annuities. He emphasizes the significance of tax efficiency and managing expenses while splurging on health, family, travel, and charity. Cohen also addresses common pitfalls like underestimating expenses and relying solely on Social Security. With a focus on personalized planning, listeners can learn how to maintain their standard of living and avoid running out of money.

To learn more about Alan and the team at Spectrum Wealth Partners, go to www.spectrumwp.com.