Your planning strategy starts with establishing your unique financial philosophy, your "Why" — the true meaning and purpose for your money in retirement.

1. 1. You will require liquid funds set aside for emergencies and opportunities. Having 6-12 months worth of readily-available living expenses can help provide financial confidence.
   2. Consistent, reliable income is a necessity, regardless of what happens next in the economy or stock market. Income planning accounts for flexible spending, while having the confidence to know you have income as long as you live.
   3. Planning for flexibility accounts for inflation and unpredictability, delivering confidence that you are able to easily adjust your strategy. This plan focuses on long-term growth, largely to help deflect inflation risks and other unknowns.
   4. An estate plan can help ensure the assets you have will pass on according to your wishes. This step outlines clear objectives of what you want to leave behind, and how — including wills, trusts and health care.

Finally, Tax planning is the common thread throughout each of the four planning pillars. It helps provide you with the confidence to know that you (and your heirs) will keep more of your hard-earned dollars.