Don’t Just Save—Strategize: How to Build a Retirement That Lasts

In retirement, you need to plan as carefully as you did during your career years.

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When it comes to retirement, people are often advised to start saving as early as possible. The thing is, that advice—while crucial—isn’t enough. Why? Savings alone cannot guarantee a secure, comfortable, or long-lasting retirement. It’s much more important to have a strategy for how much you’ll need, how long you’ll need it, and how you’ll make your money last.

So, how can you build a retirement that won’t run out before you do? In short, you need to think like a strategist and go beyond the savings account.

Why Saving Isn’t a Strategy

Saving is simple. As you save consistently, your money grows. However, there’s more to retirement than just accumulation. Instead, it’s about how to generate reliable income with your life savings. Aside from that, you also have to factor in market shifts, tax liabilities, inflation, and health costs.