If we knew exactly how many years we have on earth after retiring, we probably could predict how much money we will need to get there comfortably. A good piece of advice is to assume you will live to be 100. A good move would be to retire later or save enough to last until then.
It's never too late to enact strategies to boost your retirement savings. If you need to you could make extra money doing a leisure task. Most rental car agencies have jobs perfect for retirees such as moving and picking up rental cars from other locations.
Never underestimate the power of volunteering. It tends to open doors and connections to affluent people that can help you in the long run.
Steady income stops at retirement unless we have multiple streams of income. Learn more here. The point is to have other income to rely on and making your money work for you. Rewards are greater if multiple sources are started earlier in life. Some are almost too simple.
If there is ever a time to be frugal, it's when we retire. Frugal living isn't a bad idea at any age. The name of the game is not to run out of money, especially in retirement. More on frugal living here and here.
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