Timing, they say, is everything. Except when it comes to retirement.

There is no perfect age to retire because there are so many factors unique to each situation.

What is common for most retirees is a few lifestyle changes and adjustments – the biggest of which may be transitioning to more of a defined fixed income.

Confined to a dollar limit each month can be challenging, especially after decades of relatively unharnessed spending habits.

A few tips when transitioning to a fixed income: