What's the best way to ensure that your money lasts throughout retirement? It's by having a solid income plan, but you'd be surprised to find out that most people haven't put that into place. Let's explore what goes into income planning, what steps you can take to start that process, and why so many people are underprepared in this area.

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-2-do-you-truly-have-an-income-plan/

What we discuss on this episode:

2:12 – No income plan, no retirement plan?

4:29 – How many people have a true income plan?

6:52 – Why are people so unprepared in this area?

8:11 – Steps to take

11:32 – Real-life example of building an income plan

14:08 – Factoring in lifestyle

17:01 – Our process