We have been warned so now is the time to prepare.
If you are 8-10 years from retirement and like millions of people without a pot to pees in or a window to throw it out, now is the time.
The people I see retire at work have worked about 45+ years, own their own home and lost 3/4 of their retirement funds.
I watch as various schemes are used to survive, some sell their homes at a loss, winterise their summer camps and live there.
Some have family search for pet friendly apartments near a major hospital.
Allot of folks to my surprise sell homes buy big trucks and travel trailers and just roam about the country----Gas, food and a map of truck stops to park the night will do it.
How to pay for all this, sell your home, take the equity and for $90,000 and one or 2 SS. checks a month you are a true Gypsy, visit the kids 2-3 times a year the rest of the year you are free to be a Roamer about this huge country.
We sold out 22 foot camper years ago and I wish we hadn't, easy to pull, slept 6, full bathroom and kitchen, awning,

What I liked about it was everything was propane, ever see a gas refrigerator .? There were even 3 gas lights installed that we never used.
What to do, time to make plans and really down scale life, the 401k will come back ,down the road, even on $800.00 a month with a good set up, one can live the life of the open road and see what is on the other side of that mountain.
As you can see I refuse to retire and live around one place, I intend to get to see as much as I can of Planet earth before I die.