But one way to make sure you have enough money in retirement is to live below your means now. Should you get one or more raises or bonuses in the next ten years, if you can manage to continue to live as though you haven’t gotten additional income you will be able to save more. Also, when your income stops in retirement, consider spending even less to make that money last. You may want to cut back on things like eating meals out once or twice a week and consider purchasing a hybrid car to save on gas.
2. Consider Working Longer
Many people are chomping at the bit to retire (and we can’t blame them it’s a lovely thing to finally step out of that daily rate race) and do so at the young age of 62. Obviously the sooner you start collecting your benefits the less time you will have to pay into them.