It is vital that you consider your retirement needs long before you approach retirement years. Your number one priority must be to find ways to make your retirement funds last. Your retirement considerations should include three tasks:
Develop an income plan
You cannot spend your retirement money during your retirement years. You need to live off the earnings from that money. You must develop an income plan that allows you to live off 6% to 7% interest on your retirement savings, so you will not deplete it.