We fear dealing with the unknown, or we are neglectful. Instead, planning early and often for retirement will empower you to control for a stage of life that could quite exciting if done right.
1. Life expectancy has increased significantly since 1960.
Recent forecasts point to further increases to 83-86 years for men and 89-94 years for women in 2050.
– Start saving early in a retirement account even if they are initially small amounts.
– Raise your contributions accounts as you receive salary boosts and bonuses.