When it comes to retirement planning, individuals often focus on the preparation. Building a portfolio and accumulating assets in your working years is essential to having confidence in your portfolio in your golden years. There should also be a heavy emphasis on savings, spending, and investment discipline as well. Saving habits, spending discipline, and portfolio management are what we consider the “Big 3.” When a client does a good job in these areas, these three factors work together over time to better ensure that he or she has sufficient savings and investments once they leave the workforce. We call this “finishing well.” While finishing well is important, “ending well” is equally important. You don’t want to deplete the portfolio in your retirement years, putting yourself in a position where you have significantly less spending capital. This is especially true because, unlike during your prime earning years, your ability to go back to work may be limited. When you also consider the fact that healthcare costs become a larger focus as you get older, as well as the effects inflation may have on your overall portfolio,