Americans worry plenty about financing their retirement, but probably don't worry as much as they should to make sure they wind up with the retirement they really want. A well-crafted strategy that includes saving, investing properly, anticipating tax considerations and planning for your desires is crucial.
Lifespans are longer nowadays, requiring a long-term game plan.
You'll get rid a lot of financial demands when you're older, but you will have other uses for your money, such as more travel or spending money on grandchildren. To maintain the same standard of living in retirement, you probably will spend about 75 percent of the amount you spent in your working years. Carefully research where you'll live and your potential daily costs. There are a variety of tax-deferral programs through employers and financial institutions that will help. The sooner you get started and the more modest your demands, the more likely you won't have to keep working as long as some of your co-workers.