Some are obvious (e.g., start saving as soon as possible, save as much as possible, etc.), and some are less so (e.g., avoid lifestyle inflation, invest your retirement money in a prudently aggressive manner, maintain adequate insurance, etc.).
Then, I briefly mentioned the best way to avoid running out of money in retirement. An approach called “guardrails.”
In the following, I do a deeper dive into the guardrail approach, a less well-known, advanced strategy to provide you with the best retirement possible at the lowest risk possible.