Six ways to get your retirement plan on track

This is the fourth and final Insight in our Rough Guide to Retirement.

In the first three Insights, we covered:

1. Why a rough plan beats misleading rules of thumb, and why retirement income planning is so much harder than planning for other financial goals.
2. How to set your income target in today’s money, using the Retirement Living Standards and your personal spending plan.
3. How to draw a simple layer-cake picture of your future income sources on one sheet of paper so you can clearly see any gaps.

If you’ve not read those earlier Insights, start there.

In this Insight, we’ll assume you’re following this series and have now drawn up a picture of your future income slices.

Perhaps you’ve been pleasantly surprised to find you have enough wealth to stop or slow down from work today – or earlier than you thought.

In that case, you may only need guidance on the next steps to move into your next phase of life.

Most people, however, will find gaps in their future income picture, so we’ll explore options for closing them here.

This is a 10- to 20-minute read, depending on your speed.

And we cover these six steps in our Rough Guide Workbook too.

How could Chris close his gaps?

We’ll explore the six ways to get your plan on track – in a moment.

First, let’s see how Chris might fill his retirement income gaps.