3 Signs Your Retirement Plan Needs a Refresh
If you want to enjoy your senior years to the fullest, taking the time to plan for retirement is a smart bet. But if these things apply to you, it may be time to give your plan another look.
Americans are living longer these days. If you retire in your mid- to late-60s, there's a good chance you'll end up needing your savings to last 20 years or longer. And so if you're planning on needing fewer years of income, you could end up selling yourself short.
Of course, there's no way to know how long you'll live. But you may want to err on the side of being positive and ramping up your savings rate to ensure that you have a strong enough nest egg to support you throughout retirement. Contributing even an extra $100 or so a month to an IRA or 401(k) plan over time could go a long way.
Source Fool.com
