Conclusion

Nothing can prevent the tragedies in life. You can’t cheat death, accidents happen, and not all jobs or marriages will last. But by arming yourself with household financial knowledge, creating a private credit history, purchasing the necessary insurance, and saving, you can make the difference between spending your retirement years in financial hardship and enjoying the best that your later years have to offer. No one can predict the future, but you can plan for the unexpected and help to ensure that you are protected no matter what lies ahead.