1. Avoid moving somewhere you won't like
2. Avoid claiming Social Security too early—or forgetting about taxes on your benefits
3. Don’t ignore inflationInvesting may sometimes seem risky, but not investing can be risky as well. Investing in a way that at least keeps up with inflation can help ensure that you’re able to keep up with increasing prices. After all, your retirement planning likely included saving a certain amount, so nobody wants to see inflation erode that saving’s buying power over time.
4. Don’t forget to plan for longevityNo one knows how long they might live. It can be a good idea to make sure you're planning for a retirement that lasts longer than expected. Products like deferred income annuities could help ensure that you have a source of guaranteed income.2
These products might not be appropriate for everyone. Consider speaking with a financial professional to evaluate your potential guaranteed income needs and to see if they make sense for you.