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Changes in health seem to be the biggest item to upset retirement plans. I suspect the second biggest would be suddenly losing that 'last job before retirement'. Hunting for work while in one's late 50s can be hard on the pre-retiree and on their portfolio.
Other externalities of low probability that might dink about eventual retirement income pale in comparison to loss of health, or job and portfolio. (AKA people worry about the wrong things. I blame cable TV news.)
First, you should seek to fund your core (more basic) lifetime retirement needs by age 60. Savings from income earned after age 60 can fund “extras” such as travel, education funding for grandchildren, or philanthropy.
Second, decisions about paying for children’s college education shouldn’t rely on workforce participation after age 60.
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