Mary Beth Franklin's 10 tips to retire happy
Plan how to spend those savings
During working years, the biggest concern may have been how to save enough for retirement. When one reaches that milestone, a more important question might be how to spend that money so it will last as long as you do. There are different strategies, such as creating buckets of money for short, interim and long-term goals or using part of one's nest egg to buy an annuity that can generate income for life.