Top 27 Unorthodox Retirement Strategies You Should Consider

Retirement is changing — people are living longer, jobs with pensions are increasingly rare and retirees are relying on their 401k savings more than ever. Some old retirement strategies don’t work as well as they used to and some are just plain wrong. Here are some unorthodox retirement strategies that really work so you can bring your retirement plan to the 21st century.

Shot of a young woman using a laptop and calculator while working from home.

1. Plan For a Retirement That Could Last 30 Years — or More

A few generations ago, people started working in their early 20s, worked for the same company for 40 years until they finally retired with a pension and a gold watch at 65, and lived for 10 more years in retirement. Today, people might still retire at 65, but they could live for 30 more years or even longer, and it’s unlikely they’ll have just one employer or work at a job that offers a pension.

Your retirement strategy must assume you need enough money to last at least 30 years. The key to a robust nest egg is to save consistently and as early as possible.

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