What Does A Retirement Plan Do? 
A good retirement plan is a financial strategy that should address income and long term care needs based on life expectancy . Establishing a milestone event like retirement can be daunting when youre young and life expectancy could extend beyond our understanding or the mere fact that Social Security may not even exist as we know it . But for baby boomers , retirement is a looming certainty . Most baby boomers will outlive previous perhaps by a decade -LRB- living to age 90 -RRB- and most are planning on working until age 70 to contribute another five years to their retirement fund , maximize their income from Social Security and forced distributions from their qualified plans . 