Attending a retirement planning workshop can provide you with a clear understanding of the importance of having a personalized plan, which is crucial for ensuring lifetime income and avoiding the risk of running out of money over the course of retirement. The workshop offers valuable insights into retirement accounts, wealth preservation, the importance of lifetime income, and tax-saving techniques throughout your life. Many people assume that their tax rate in retirement will be lower than it is pre-retirement. This isn’t always true; if you’ve accumulated significant savings for retirement, you may find that your cash flow from all income sources, along with fewer tax write offs, have you paying more taxes than you anticipated. Additionally, the workshop helps you avoid common retirement mistakes, leaving you empowered to make informed decisions.