9 Moves to Boost Your Retirement or Even Retire Early!

8) Plan for a Long-Lived Retirement

One of the difficulties of planning for retirement is that you may not know how long it will be. Depending on your health and resources, you could end up working well into old age, or retire young. Additionally, your health as you age has an impact on how expensive retirement will be. Therefore, you should plan to save enough for a very long-lived retirement. That way, if you are healthy, you will have enough to sustain yourself for many years after leaving the workforce. Some people even have retirements that span several decades. Thus, you should save enough money to last that long. By planning this way, you will also have enough money to afford doctors if you develop health problems. All in all, it’s better to leave money behind after your life than to run out while living.