At Idaho Medical Association Financial Services, we know retirement is full of unknowns; you cannot predict how long you will live, how markets will oscillate, or what the rate of inflation will look like in future years. Variable factors like these create confusion as to how retirement should be planned and prepared for.
The good news, however, is that there are some things you can count on. For example, you have control over how long you decide to work, when you start saving, and what investments you make. As you focus on maximizing the factors you can control, you can ensure that you do not outlive your money during retirement. What’s more, you can provide yourself with a retirement that is comfortable and financially secure.
As you prepare for retirement, implement these four tips to make sure that you do not outlive your money.