When you get to within five-to-ten years of when you expect to retire, the planning usually gets more serious. Now you need to think about lots of other issues that will guide you to a better estimate of how much you need to accumulate.
Until some type of disaster happens to you, you think you’ll be immune. We all tend to be overconfident at times, but perhaps now is a good time to run through a disaster contingency drill. Here are a few things you may want to consider.