Core Insights - Saving for retirement is challenging and often requires sacrifices, but managing that savings effectively is equally important [1] - Many retirees fear depleting their savings too soon, which can hinder their ability to enjoy their hard-earned money [2] Group 1: Withdrawal Strategy - Establishing a withdrawal plan is crucial to ensure that retirement funds last throughout retirement [3] - Collaborating with a financial advisor can help create a personalized withdrawal strategy based on retirement age, income needs, and personal goals [4] Group 2: Investment Strategy - Strategic investment of retirement savings is essential to allow for adequate withdrawals while maintaining portfolio growth [5] - Financial advisors can assist in developing an investment mix that aligns with income goals and risk tolerance [6] - Emphasizing income-producing assets and diversification can protect against market volatility [8]