"Unlocking the Secrets to a Fulfilling Retirement: Surprising Yet Simple Tips for a Better Life"

According to new research from Vanguard, the most effective way to sustain your preretirement standard of living in retirement is by delaying retirement until age 70. Better-than-average market returns have a surprisingly small impact, while dipping into home equity only increases the sustainable replacement rate (SRR) by 4 percentage points. Working longer, on the other hand, significantly improves the SRR by increasing the number of years of contributions, earning potential, reducing withdrawal years, and boosting Social Security payouts. The study suggests that working just one year longer increases the SRR by 3 percentage points, while waiting until age 70 increases it by over 15 percentage points.