Why child-free couples may need larger retirement corpus

Some grown-ups choose not to have children.

Many people think that if you don't have children, you will need less money saved for when you get old.

But the article says that is not always true.

When people get older, they might get sick and need help.

Many parents expect their adult children to help them with doctors, bills, and decisions.

Couples without children don't have that help, so they may need to pay nurses or helpers instead.

That is why they might actually need to save more money than parents.

A good plan splits savings into three parts: everyday needs, fun things, and emergencies.

Strong health insurance is also very important to protect savings.

In the end, careful planning can give couples confidence to enjoy their money.