It is important to have a retirement financial plan set up and implemented. The financial retirement plan should account for income you will need, as well as future health and housing requirements. Most people don't realize how quickly they can use up the funds in their savings account. Most elderly people don't have long term insurance and long term medical care can deplete most, if not all, of your savings. Hiring an attorney to help you create a retirement financial plan and how to invest your money now will help you in the long run when it comes to your retirement.