How to Create a Retirement Budget


Understand Your Income Sources

People often forget about the pension plan they had from an earlier job or neglect to account for an inheritance they'll get in the future. If you have a pension plan, make sure you find out what it offers and how it will work with your other income sources. You can get more information on this with the help of your financial advisor who will help you make a list of all your fixed income sources, including pensions, social security, part-time work, interest/dividend income, and more. Do not go wrong in your math else your future will be in trouble.