In California, one of the greatest fears that people have about retirement is that their money will run out far sooner than expected. That can cause a person to face unwanted poverty head-on and to struggle excessively instead of enjoying life in one's golden years. The remedy against such a fate is to retain an estate planning attorney and a financial adviser or CPA to put a strong plan into effect. These professionals will work in tandem to set up a solid plan that will accommodate various factual possibilities in one's later years.
At the outset, it may be necessary to do a lot of homework to learn one's finances and spending habits. All assets must be documented with details in a list that can be shared with advisers. With all the information, a determination can be made regarding how long the assets can sustain a certain level of proposed spending.