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This story originally appeared on NewRetirement.
Everyone knows that they need a retirement plan. But that means different things to different people, and not every plan counts as a truly useful retirement plan.
Sometimes a retirement plan is something that is prepared for you by a professional. It is likely a thoughtful plan, but how exactly is it going to be useful to you?
Following are several tips for building a useful retirement plan that’s not just a hefty stack of paper with some pretty (though likely confusing) graphs and charts.