Almost half of Americans ‘aren’t ready to retire’ — why planning for retirement is crucial for your golden years

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Americans have a retirement income plan.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPAllianz’s Vice President of Consumer Insights, Kelly LaVigne, commented “if you don’t know how you will draw from your retirement assets for income, then you aren’t ready to retire.”Having the right retirement strategy for how and when you’ll spend your income is key to reducing the decisions you’ll need to make once you reach retirement age.Unfortunately, without a plan, you risk joining the 31% of Americans who are overspending in retirement, according to a report from retirement magazine 401(k) Specialist.Thankfully, there are steps you can take to give yourself and your family peace of mind.Having a plan really does pay off.Research from T. Rowe Price found that individuals with a formal financial plan had two to four times more wealth when entering retirement compared to those without one.With the help of a qualified professional, like those found through FinancialAdvisor.net, you can easily plan when, where, and how you want to retire.FinancialAdvisor.net is a free online service that helps you find a financial advisor who can help you create a plan to reach your financial goals. Just answer a few questions and their extensive online database will match you with a few vetted advisors based on your answers.You can view advisor profiles, read past client reviews, and schedule an initial consultation for free with no obligation to hire.Even if you’re confident in the amount you’ve saved for your retirement, LaVigne insists “it is critical to understand how those assets will be able to fund your life after you retire.” That’s why individuals with higher [net worths should also consider consulting a professional to make the most of their nest egg and the rest of their assets and portfolio.Another big concern among the Americans surveyed is how to best take distributions from their retirement savings when they do retire, with 45% revealing they’re unsure of the best method. 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