Quality of Life

The MIT AgeLab has identified three simple questions you should ask yourself to assess how prepared you are to live well in retirement: Who will change my light bulbs? How will I get an ice cream cone? Who will I have lunch with? What do these questions have to do with retirement planning? A lot more than you may think. They actually uncover important factors that will determine your future quality of life and serve as a starting point for planning a satisfying retirement. When it comes to retirement planning, we're inclined to focus on accumulating assets and making sure we spend our money wisely. But while our biggest fear may be outliving our wealth, there's an even greater risk of: Losing our independence due to ailing health, being unable to access the big and small things that make us happy, and facing a decline in the number of friends in our social network.

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