Room for Error in Retirement Story

Room for Error in Retirement

Do you have wiggle room in your retirement? Seriously, how much “room for error” do you have in retirement? While retirement planning is as much art as science, we all need some wiggle room!

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Let’s look at what wiggle room means to you and your retirement plan. Should you plan on having some room for error?

Retirement Risks and Wiggle Room

One of the ways you can mitigate sequence of returns risk is via flexible spending. The real wiggle room from sequence risk, however, is to oversave for retirement.

Having family conversations and good estate planning (especially for disability needs) is key to allowing you to meet your slow-go retirement goals and to age in place.

Inflation is a sleeping dragon and, perhaps, the most difficult risk for which to build room for error.

Longevity is the central theme for wiggle room planning. After all, every other risk is multiplied by longevity.

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