Thoughts: Excellent article below from USAA on preparing to retire. I don’t necessarily subscribe to tip 1 though. I think that anyone who retires as late as 70 will not have a relaying retire; most die a few years after. Yeah, I get the “we will live until age 90” bit, but that’s pretty much speculating on a future – it’s like saying, “if you get 8% on your portfolio you will become a million year”. I am a little more pragmatic in my approach to life – do keep an eye on the future, but live a little now.
More people are working longer to maintain their standard of living in retirement. Are you prepared?
In the hectic daily grind of maintaining a career, you might feel that planning for your retirement years can wait. The truth is that, without regularly setting aside a portion of your income during your prime earning years, having to work during your golden years to make ends meet could become a harsh reality. Continue reading @ USAA...