Introduction
Planning for retirement can feel overwhelming, but creating a budget is an essential step to ensure financial security during your golden years. Building a retirement budget allows you to estimate your expenses, plan for unforeseen events, and make the most of your retirement savings. In this article, we will guide you through the process of creating a retirement budget that works for you.
1. Determine Your Retirement Income
The first step in building a retirement budget is to determine your sources of income. Consider your retirement savings, pension plans, social security benefits, and any other sources of income you may have during your retirement years.
