When people are looking to the horizon and seeing retirement at the crest of the hill, they want to know the answer to one question: What should I be doing to be ready? It depends on where 您 are in 您r retirement planning. If 您’re 10 years away from retirement, there are things to do if 您’re on track, but there are different actions to take if 您’re behind. And depending on 您r age, there are some things 您 need to be doing no matter how much money 您 have in the bank.
Congratulations! All 那 hard work, focus and dedication are paying off! With 您r dream in sight, make sure 您 take these actions to guard 那 retirement dream.
1. Sharpen 您r 沙巴体育游戏预算. Sit down with 您r spouse or a friend and create a mock 沙巴体育游戏预算 using 您r current monthly budget. Some expenses will go down (dry cleaning, commuting and clothing, for example), but other items may go up, like utilities. Be sure to add in a little extra for inflation—about 3% a year.
2.警惕愚蠢的人。这十年可能很棘手。您可以看到自己的目标，因此’轻松释放一些气息，并为自己的辛勤工作回报自己。如果您听到自己说的话“I deserve . . .”, 您’重新踩在薄冰上。花式假期或快艇竞技场’t太远了。离开那个领土—you’re close to Stupid Land. Stay focused on 您r retirement dream and don’不要让任何东西挡住。
3.利用追赶选项. At age 50, 您 can put an extra $6,000 in 您r 401(k); 您 can put $1,000 more in 您r IRA. There are also catch-up contribution options if 您 have a SIMPLE IRA or 401(k) or a 403(b). Throw as much as 您 can into 您r investments. A decade of supercharging 您r savings will pay off in the long run!
Now, keep reading on. There are more action steps below 那 您 might want to consider even though 您’re in a good spot—and some 您 need to do in 您r 50s 无论. Knowing 那 ahead of time puts 您 at the front of the pack.
Take a deep breath. You may not be where 您 want, but there’s still hope. You can take some steps to shore up 您r retirement fund and put 您rself in a better financial position. But I have to be honest: You need to get cracking!
1.摆脱债务。 If 您 haven’t paid off all debt, including 您r house, 您 need to get rid of 您r debts quickly! 任何 debt will drain 您r retirement fund quicker than streaming a movie on 您r cell phone will eat up 您r data plan. If necessary, take a second job. Sell 一切 那 doesn’t breathe and cut 您r budget to the bone. Debt is 那 破坏性的。
2. Make investing 您r 最佳 priority. Once 您’重新摆脱债务，抛出 一切 您 can into 您r investment fund. Take advantage of 追缴捐款 the IRS offers for those 50 and above. If 您 max out 您r 401(k) and IRA, then put 任何 多余的钱投入共同基金。
3.考虑搬迁。 Some areas of the country are expensive to live in! If 您’re behind on saving for retirement, 您 need to evaluate the pros and cons of living in another region or state. You might even want to live there during retirement for the lower cost of living.
4.缩小尺寸. I know 您r home holds a lifetime of memories with those 您 love. But those memories won’t pay the heating bill in 10 or 20 years. If 您’re seriously behind on saving for retirement, 您 need to downsize to a smaller home and put the profit in 您r retirement fund.
5.工作时间更长. You may need to keep working longer than 您’d planned. That’可以许多人正在选择更长的职业。如果在工作上多待几年意味着稳固而安全的沙巴体育游戏，那么值得付出额外的工作。
Some of these decisions will pull at 您r heartstrings. I get 那. But consider the long-term implications. Making serious sacrifices now could literally save 您r retirement later on.
If 您’re 10 years or so from retirement, chances are 您’re in 您r 50s. If 那’s the case, then there are some specific steps 您 need to take no matter how much money 您 have in 您r retirement account.
1. Check in with 您r 梦之队. By now, 您 need to have 您r 梦之队 到位—that group of professionals who are helping 您 grow and protect 您r wealth and 您r legacy. Now is a good time to check in with them. Your estate plan or will may need to be updated. You need to check in on the tax implications of 您r investments. You need to evaluate 您r insurance. It’是时候聚在一起，为未来的几年制定游戏计划了。
2.了解并注册Medicare。 It’一个令人困惑的程序（您好，’s from the government), so being informed is crucial! If 您 turn 65 in the next 10 years, learning about it should be on the 最佳 of 您r list. There are some rules about sign-ups around 您r 65th birthday, so make sure to read 那 section carefully. Be sure to get in touch with 您r private health insurance administrator before 您 start the enrollment process.
3. Check into 您r Social Security benefits. 社会保障局有一个 在线工具 那 estimates how much money 您’ll get each month when 您 apply for Social Security retirement benefits. This number may change a little, but knowing the amount is helpful when planning a monthly budget. Remember, though, this money is icing on the cake. Don’t rely on it as 您r sole source of income in retirement.
4.研究长期护理（LTC）保险。 Getting LTC insurance is non-negotiable. It helps pay for the cost of assisted living, nursing home care, in-home care, or associated costs. With people living longer, 您’ll probably need LTC insurance at some point. Use this decade to find a policy 那 meets 您r needs. The premiums go up the older 您 get, so sign up at age 60.
Your retirement is in sight. Your plan is 到位. Take advantage of the next 10 years to make supersonic progress to reach 您r financial goals. Don’t let up on the gas. Keep charging ahead. Cross the finish line knowing 您 did 一切皆有可能 建立一个安全的未来。你能行的！
Get help with 您r financial goals with the aid of a SmartVestor pro.