Financial Goals For Individuals Approaching retirement (55-65)

Financial Goals For Pre-Retirement (typically between the ages of 55 and 65)

1. Assessing retirement readiness

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2. Maximize retirement contribution

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3. Diversifying investment

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4. Paying off outstanding debt

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Financial Goals For Pre-Retirement (typically between the ages of 55 and 65)

1. Assessing retirement readiness

As income grows, increasing contributions to retirement accounts becomes crucial to maintain a comfortable lifestyle in retirement.

2. Maximize retirement contribution

Taking advantage of catch-up contributions to retirement accounts if eligible, allowing individuals to make up for any previous shortfalls.

3. Diversifying investment

Gradually shifting investments towards lower-risk assets to protect savings from market volatility while still maintaining growth potential.

4. Paying off outstanding debt

Reducing or eliminating any remaining debt, including home loans, car loans or personal loans, to minimize financial obligations in retirement.

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