Reported 1 day ago
As you enter your 50s, it's crucial to reassess your retirement savings goals and take decisive steps to prepare for retirement. Start by setting realistic financial goals based on current savings and expected expenses, tackle any lingering debt like mortgages, and utilize catch-up contributions to retirement accounts. Consider establishing a health savings account (HSA) for unexpected medical costs and strategize your Social Security benefits to maximize your income. Additionally, explore supplementary income sources such as side hustles and maintain a balanced investment portfolio to ensure growth leading up to retirement.
Source: YAHOO