30% or less of retiring or retired seniors has a written retirement plan, even less have had a critical review and/or update.  Your retirement plan is only as good as your last critical review and update.  Developing a retirement plan is hard work even when using an advisor.  To develop an appropriate plan is not something you complete, but an ongoing work in progress.  Periodically reviewing the plan to reflect life changes, comparing it to where you wanted to be as to where you actually are then updating the plan is mandatory to success, as well as making good sense. 

Retirment plans should be reviwed at least twice a year.  Establish a date early in the year, each year, as a habit to initially reassess or review retirement plans pre or post retirement.  You should review your plan several times a year with your advisor or personally.  Marking your calendar with a certain dates in advance for the reviews each year is a good practice.  A personal review allows you to examine how your plan functioned in the past year, reassess your relationship with your planner and consider new directions or changes you might make.  During the review you should identify concerns as well as what you like about your current plan.  Then, if you work, you should, with an advisor prepare an itinerary for your meeting with him or her later.