Good advice is way too complicated.
There’s an abundance of advice on how to plan for retirement. Oh, it’s good advice. But it’s also a bit complicated, often requires discipline and always necessitates actually doing something.
2. Avoid saving when you’re young and instead play catch-up starting at age 50. At that juncture, the government allows you to save more in both employer plans and IRAs, so that must mean it’s OK to wait.4. Live for today, so you accumulate debt right up until the day you hope to retire. 11. Ignore the need to provide for survivors. Don’t designate beneficiaries for your 401 or IRA. Don’t bother with life insurance. Got a pension? Talk your spouse into agreeing to a single life annuity benefit. After all, it’s your pension, right?
14. Cancel that long-term-care policy you bought years ago. If you haven’t needed it so far, you likely never will—and, besides, you have plans for that premium refund. 17. Don’t worry about inflation after you retire. It’s been low for years and no doubt it’ll stay that way.
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