Affordability is Americans’ No. 1 retirement priority — but don’t overlook these 6 factors

When it comes to planning for retirement, affordability is often at the forefront of Americans’ minds. However, there are several other factors that should not be overlooked in order to ensure a comfortable and secure retirement.

1. Healthcare Costs

Healthcare expenses can be a significant burden in retirement, so it’s important to factor in these costs when creating a retirement plan.

2. Long-Term Care

Long-term care is another important consideration, as the need for assistance with daily activities can arise as we age.

3. Inflation

Inflation can erode the purchasing power of your retirement savings over time, so it’s crucial to account for this when planning for retirement.

4. Market Volatility

The ups and downs of the market can have a significant impact on your retirement savings, so it’s important to have a diversified investment strategy in place.

5. Social Security

Social Security benefits can play a key role in your retirement income, so it’s important to understand how these benefits work and when to start collecting them.

6. Tax Considerations

Taxes can have a big impact on your retirement income, so it’s important to consider the tax implications of your retirement plan.