Saving and investing for retirement are important. But at a certain stage for most people, another strategy is far more powerful: working a little longer. Those few extra months on the job are likely to raise your retirement income by the same amount as those 30 years of extra savings. Say you are 56 and realize that you need more retirement income when you stop working in 10 years. It acknowledges the validity of trimming investment costs, investing through workplace retirement plans and saving as long and as much as you can.

Source: New York Times June 01, 2018 18:31 UTC