Retirement is changing. For many people, it’s less about winding down their activities and taking a long vacation, and more about reinventing themselves for what’s likely to be an extended next act.
We’re living longer and healthier, and finding that there’s plenty to do even if we’re no longer working 9 to 5. Many find that this is the time of their lives when they finally have the freedom to live the life they want.
That freedom depends on many things, though — especially having the money we’ll need. Unlike previous generations, most of us don’t have protected lifetime income through a pension to supplement our Social Security benefits, and that increases the chances of running out of money in retirement.
Thankfully, there are solutions. As a result, we developed this guide to provide tips to help you achieve a successful retirement. You may be familiar with some of them. In particular, you may know it’s important to have a living will and max out your 401k match. You may even realize the importance of a revocable living trust. But have you considered benchmarking, exercise, structure, and taxes?