What should a retirement plan help you understand?
A useful retirement plan should make your choices easier to see. It should help you understand where income may come from, what expenses need to be covered, how much flexibility you want to keep, and which risks could disrupt the plan.
Retirement income is different from retirement saving.
While you are working, the focus is often on accumulating. Retirement adds a different question: how will the money you have built support the life you want for a potentially long retirement?
MKT helps families organize those questions and understand retirement and insurance options that may be relevant to them. When tax or legal advice is needed, those questions should be reviewed with appropriately qualified professionals.
When should you start?
You do not have to wait until the day you retire. The years leading up to retirement can be a useful time to organize accounts, understand income sources, review protection, and identify decisions before they become urgent.