Understand the risks you’ll face
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My concerns for the future? The major one, I think: am I going to outlive my retirement account, am I going to then become a burden on my children? Trying to maintain my financial independence is a big concern of mine.
As the 20-year-old Lis, I and my husband then made some really good decisions for the future. When we first started saving with TIAA, basically what we decided was, all right, we'll put as much as we can into retirement, and actually that was the full amount. I moved money into TIAA rather than some other option I might have had.
I've had two big reviews with TIAA where they've actually looked at my budget and told me how things are going, reassured me that I would have enough money even without selling the house, which was very nice because I really like this house.
Percentage of Americans who do not know how much income they'll have each month after they retire.
Consider planning for income you can’t outlive
How to build a retirement income floor
Learn about the risk of bad timing
Don't let market volatility get you down
Don't forget about inflation
Inflation’s effect on purchasing power