20 Financial Considerations for Retirement
20. Be Ready for the Unexpected
The biggest thing that can impact a well-thought out retirement plan is the unexpected. Many times, people will not include the appropriate cushion into their financial planning for retirement to help overcome life obstacles that might arise such as a long-term illness, unexpected death, or natural disaster that is not covered by insurance, or even divorce. Taking the time to not only save additional money, but carrying the appropriate type of insurance will help both individuals and families guard against “Murphy” and properly enjoy retirement.
