Life Expectancy: Take into account average life expectancy rates for your demographic group and region. While life expectancy varies
Health and Lifestyle Factors: Consider your current health status, family medical history
Financial Planning: Plan for a retirement income strategy that accounts for the possibility of a longer-than-expected retirement.
Social Security and Pension Benefits: Understand how Social Security benefits and any pension benefits you may be entitled to will impact your retirement income.
Estate Planning: Develop an estate plan that outlines your wishes for the distribution of assets and provides for contingencies such as incapacity
Adaptability: Remain flexible in your retirement plans and be prepared to adjust your strategy as needed based on changes in health, financial markets, or personal circumstances.
Regularly review and reassess your retirement plan to ensure it aligns with your goals and objectives.