In some ways, life in retirement is tougher than years you spent in the workplace, or at least more complex. You have many decisions to make about where your money will come from and how to preserve it.
When you’re working, you’re in the “accumulation” phase with one big, hairy goal — live on less than you make, saving as much money as possible through various investments. Retirement, however, is often more complicated. How could retirement possibly be more complicated than employment? After all, the accumulation phase may have involved a volatile stock market or real estate market that didn’t always cooperate with your savings plans — and perhaps resulted in a few sleepless nights.