Boomers Face a $115,000 Shortfall! Here’s How to Close the Gap

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.

• 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.

• 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.

• Fraud protection: scams targeting seniors are on the rise. Build safeguards into your financial life and stay cautious with unsolicited calls or emails.