No matter where you are in your journey toward retirement,
it never hurts to step back and take a look at the progress you’re making toward your long-term financial goals.
As part of your retirement plan, you’ll need to decide when to begin saving and investing your money, when and how to take that money when the time comes, and perhaps how to create a legacy for loved ones. Experts project that traditional sources of retirement income, such as employer pensions and Social Security benefits, will provide only a portion of the total income you may need to fund your retirement.
Underestimating the amount of time you’ll spend in retirement and how much it will cost are considerations that are often overlooked. The average life expectancy has increased significantly over the past century, which means it’s critical to evaluate your financial strategy — because, happily, you may spend more time in retirement than planned.