Overestimate your money needs.
Since people live longer today, particularly women, and inflation erodes the value of money, it’s important to save even more than you think you’ll need for later. Taxes and health care costs can also eat into nest eggs. The Women's Institute for a Secure Retirement says that women, given their longevity and lower savings, may want to consider replacing 100 percent of their income during retirement to keep up their lifestyle.
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