While having enough money is important there are other considerations such as striving for income and minimizing federal income taxes. 

Because our tax code is very progressive planning for taxes is a key piece of the retirement puzzle. Avoiding increasing your tax liability will prevent your income from being reduced and it will also prolong the duration of your portfolio assets.

A successful retirement is about more than money. It also touches on attaining that dream of what you want to do in retirement and the legacy you want to leave behind. Having goals in retirement is critical in make sure your plan evolves with the times. That requires an ongoing conversation with your adviser. The unadvised person runs greater risk of guessing and navigating by gut.

With the right plan many retirees will have few problems. Turns out not every retiree has the right plan or worse no plan at all. We'll highlight mistakes that some are making that an really harm their retirement.

Stay turned because we have some great listener questions when we come right back.