3 Crucial Steps to Take Now That You've Decided to Delay Retirement
Considering rampant inflation, market volatility, and a potential recession on the horizon, you're not alone in thinking about delaying retirement. Doing this can give you more time to save and increase your odds of remaining financially secure as you age. But delaying retirement isn't as simple as updating your last day of work on your calendar. You also need to take the following steps.
Once you've decided on a new retirement date, make note of how much time you have left until then. Look up the current balance of your retirement accounts as well and recalculate how much you think you need to save for retirement. Use this information to come up with a new monthly savings target.
Image source: Getty Images.
Source Fool.com
