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January 23, 2018

Most of us feel younger than we are. I know I feel a good decade younger than my driver's license says I am. When it's hard to imagine ourselves at our actual age, it's extra hard to picture ourselves in old age. Yet experts say that proper retirement planning requires us to envision our future selves and values. People who can't make the mental leap tend to dismiss any talk of their future needs, thinking they won't care about their circumstances once they reach their 80s and beyond, says Joe Heider, president of Cirrus Wealth Management in Cleveland, Ohio. Here’s the thing, though: when you’re in your 80s, you will care about the important stuff -- where you live, and whether you have enough money, friendships, and energy to sustain you. So spend some time now picturing what your best life will look like in old age, and take concrete steps to prepare. Your future self will thank you.

At the same time, appreciate how long you might live in old age. Today’s edition discusses the common mistake of underestimating your possible longevity, and the money mistakes that can result.

Best wishes,


P.S. If you like this newsletter, please pass it on to a friend! And if you got it from a friend, sign up here for email delivery to make sure you don’t miss the next issue.

3 Big Money Mistakes to Avoid Once You’re in Retirement

Pay attention now.

I Make $30,000 a Year. How Do I Save for Retirement?

MONEY brought in an expert to map out a plan.

These Non-Drug Treatments Could Help People With Alzheimer's

Even people with genes that put them at higher risk of developing Alzheimer’s can improve their thinking skills with these non-drug strategies


Thanks to all who have responded so far to Lori Johnson’s question about whether you’re happy with the timing of your retirement. I’ll feature some of your answers in Friday’s newsletter.

In the meantime, please send me any questions you’d like answered by the group, at retirewithmoney@moneymail.com.


How to Bridge a Retirement Shortfall

Making a series of smaller adjustments can be more effective than banking on one big change when it comes to making up for a savings shortfall. MORNINGSTAR

How to Postpone Retirement Like Warren Buffett

Warren Buffett is 87 years old and still going strong at work. Here’s what to do if you want to follow in his footsteps. CNBC

Can Diligent 401(k) Savers Go Too Far?

Contributing the max to your 401(k)? Read this to make sure you’re not short-changing yourself on your company match. MARKETWATCH

How to Bounce Back From a Health Crisis

Take these steps to prevent a major illness or injury from defining the rest of your life. NEXT AVENUE


Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien.

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