While it’s (almost) never too late to plan for retirement, the sooner you start, the less complicated it can be. And the more successful your retirement investment strategy, the more options you’ll have when you’re ready to start living “the rest of your life,” whatever that looks like to you.
Here are a few key facts to consider when thinking about your retirement “nest egg”:
* Most people underestimate the amount they need to save for retirement.
* People can expect to live 30 or more years in retirement, which could mean a significant risk of outliving their retirement savings.
* The future of Social Security is uncertain.