Failing to explore your retirement options is one of the biggest mistakes you’ll make. Another is failing to anticipate your possible care needs. 

Since more people are living much longer and will most likely require custodial care, it’s wise to save up for this or to invest in a product that can help you cover your potential long term care needs.  Long term care insurance is a good option since it covers different types of long term care settings like nursing homes, CCRCs and the likes. For more information, you can find more helpful long term care information here: https://longtermcare.acl.gov/ and http://www.altcp.org/.