Forget downsizing to a tony townhouse, or retiring to a beach property in a warm climate. Clients are more concerned about having enough money for daily necessities, according to financial advisors polled by Sun Life Financial recently.

A whopping 92% of advisors who responded to the Sun Life Financial study said their clients change their retirement income plans after retirement mainly to avoid running out of money, or to meet non-discretionary costs. More than one third, 34%, said clients adjust their plans to cover essentials, like unexpected healthcare costs. Just 21% said clients adjust plans to have more money for discretionary spending. Sun Life polled 477 financial advisors in March for the study.

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