How a Solid Spending Plan Keeps Enough Fuel in the Tank for Your Retirement

Imagine getting on an airplane for a dream vacation that you've been saving and planning for your entire life. Just as you're settling into your seat, there's an announcement from the captain: "Ladies and gentlemen, we've completed our pre-flight check, but I didn't worry about the required fuel this time. If we end up being short, hopefully we will catch a tailwind that will get us to our destination. Should be fine." Would you stay on that flight, or would you join the crowd hustling towards the exits? If your retirement plan is that dream destination, then your investment assets and the income produced from them are the fuel. One of the most common questions we get from our clients at Keen Wealth is, "Do I have enough money to retire?" And the answer is, that depends. It takes more fuel to fly from Kansas City to Orlando than it does to St Louis. So where do you want to go? Are you properly fueled? On today's show, we discuss how a smart spending plan and disciplined withdrawal limits will keep your retirement tank from running dry.