Step 4: Protect Yourself Against Uncertainty
Retirement isn’t just about having enough money — it’s about making sure you’re protected from the risks you can’t predict.
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Long-term care planning: Medicare won’t foot the bill for most nursing or assisted living care. Look into insurance or savings plans specifically for this.
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Estate planning: wills, trusts, and powers of attorney aren’t just for the wealthy. They’re essential for protecting your wishes and avoiding unnecessary legal battles for your family.
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Fraud protection: scams targeting seniors are on the rise. Build safeguards into your financial life and stay cautious with unsolicited calls or emails.
