9 Ways to Not Run Out of Money in Retirement

2) Define What Your Retirement Is

You need to decide if retirement to you means that you aren’t working at all or if it includes having a part-time job. Recent studies have determined that there are numerous people who consider themselves to be retired who are still earning an income from part time work. For some people, retirement means working fewer hours or taking sabbaticals or long breaks periodically. If you view your retirement to be like this, it means the money that you have put away for retirement can stay in the retirement account and continue to grow interest for a while longer. You can achieve this kind of retirement a little earlier than you can a full retirement, which involves absolutely no work to bring in additional income. Make the right choice for you and your needs when it comes to how to retire – either ending employment fully or working some hours every week.