Step 1: Review Your PlanThe fastest growing age group in America is people over the age of 85, according to the Census Bureau. While it's wonderful that people are living much longer, without proper planning they run the risk of outliving their investments.
Have you invested enough to retire? The answer to this question requires some careful planning on your part. Are you planning a retirement filled with travel and entertaining, or do gardening and reading sound more appealing?
Careful planning as you approach retirement will give you an idea of how much income you need to generate.