Your Retirement Plan Needs a Plan B

Does your retirement plan have a Plan B?Most retirement plans are built around assumptions.You're going to retire at 65. The market is going to provide a reasonable return. Social Security will start at a certain age. You're going to spend a certain amount every month. Your health will remain relatively good. Your spouse will be there alongside you.And hopefully, that's exactly what happens.But after doing this for as long as I have, I can tell you something: life rarely follows the spreadsheet perfectly.Markets fall. Inflation happens. People get sick. Spouses die. Kids run into trouble. Houses need repairs. People retire earlier than expected—and sometimes they end up living a lot longer than they ever imagined.None of that necessarily destroys a good retirement plan.What can create a problem is having a retirement plan that's so rigid that it only works if everything goes exactly as expected.So today I want to talk about building flexibility into retirement.Not because we're expecting something bad to happen.But because if you've spent 30 or 40 years building your retirement, your financial future shouldn't depend upon everything going