For most retirees, that's probably going to be the single biggest component they need for retirement. But what we find is this is the one that's most frequently overlooked when people do their retirement planning.

Today, health care costs have the potential to significantly erode an individual's retirement savings. Knowing that these costs are only going to continue to increase, all Americans, even those as far as 20 years away from retirement, should be calculating and factoring life-long healthcare expenses into their overall financial planning.

Anyone with a pension or retirement is an investor in the stock market.

Tip #3: Taking the Next Step(s)

You don't know what you don't know

When a man retires and time is no longer a matter of urgent importance, his colleagues generally present him with a watch.