When most of us imagine retirement, our minds wander to what we’ll get to do then that we don’t have enough time for now. If we’re lucky, we can push the uncertainty of our investment performance and future health out of our minds and picture all the fun we’ll have. That’s what will make the decades of saving worthwhile, after all.
A balanced portfolio can lower anxiety over extended periods. Long-term care insurance can lessen the cost of a multiyear nursing home stay. But planning for that leisure time is challenging for two reasons.