Getting ready for retirement is probably one of the biggest financial challenges you will face, but there is still enough time to prepare.
During this phase, you will need to stay disciplined at working your plan and assessing your savings and spending projections to stay on track. Major life changes, tax law changes, and retirement regulations could also impact your plan. Here are the important issues to address as you get closer to retirement:
10 years before retirement
Develop a comprehensive plan to help ensure you will reach financial independence tax efficiently.Learn about phase 1 →
2–9 years before retirement
Reach a solid financial position through a disciplined approach to managing changes in the years leading up to retirement.
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1 year before and into retirement
Transition to financial independence and fine-tune your plan to prepare for post-retirement taxes and healthcare.Learn about phase 3 →
Stay focused on decisions related to taxes, Social Security, and investments to help ensure your savings last.Learn about phase 4 →
Take an active role in teaching the next generation how to handle wealth and the responsibility that comes with it.Learn about phase 5 →