2. Know What You'll Need

You may find yourself longing for your parents' or grandparents' generation.

When you go to the airport, the golf course, or restaurants, they are there in force—looking tan, relaxed, and well-dressed, enjoying retirement. Yet many of today's seniors didn't have to do nearly the thinking about retirement saving and investing that you must do while you are still working.

This hit me a couple of years ago, when I took my father for his birthday to see a Bill Cosby performance in Minneapolis. We were in a huge theatre, and the audience was a mass of grey and white hair. And I asked myself if Cosby appealed only to seniors. I have no idea about the answer. But the fact is the tickets weren't cheap, and retirees filled the ...

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