SEATTLE — Nearly half of the American workforce thinks they likely won't have enough money to retire comfortably, according to Bankrate.
Some wealth advisors recommend looking at your retirement plans with the "Critical 10" in mind. It's the importance of financial planning five years before retirement and the first five years.
Darren Trautmann, a private wealth advisor for Northwestern Mutual’s Emerald Wealth Management, said individuals need to start out by asking themselves what they have in mind for retirement life.
These plans can vary from a low-key lifestyle - to wanting to travel a lot or wanting to start a new venture such as starting a vineyard.
Trautmann shared his advice and recommendations on KING 5 Mornings. To watch the full interview - click the video player above.