For this not to happen, here are four things you can do now to ensure a happy retirement life.
1. Put priority to retirement contributions. After all the basic necessities should come the amount earmarked for retirement. This is just a matter of priority. Instead of spending for less important things like a video game or a movie, contribute to your retirement fund.
2. Maximize your expenses for financial products and services. Financial products and services need to be singled out because most people lose hundreds of dollars every year on unattended bank, insurance and 401(k) fees.
3. Allocate your assets now. Younger people should place more on stock investments. Use index funds and ETFs to help you allocate your investments.
4. Keep a healthy body. Your health means a lot for a happy retirement. Remember that poor health is expensive.