retirement

Countdown to Retirement

For a smooth ride to retirement, take these financial steps when you have 10 years, five years and one year to go.

For most of your life, retirement may seem so far off that you give it only a passing thought when glancing at your 401(k) statement. Your twenties, thirties and forties are likely preoccupied with more-pressing life events—building a career, getting married, buying a house, raising children and saving for college.

But once you enter your fifties and retirement is no longer a fuzzy concept looming on the horizon, it’s important to make sure you’ll be prepared for the day when you wrap up your career and move on to the next phase of your life. As retirement comes into focus, use this list of financial steps to follow 10 years, five years and one year before retirement to prepare for the transition. For each time frame, we’ve also listed key moves to make in your portfolio.

COUNTDOWN TO RETIREMENT: 10 Years Away | 5 Years Away | 1 Year Away

Most Popular

13 States That Tax Social Security Benefits
social security

13 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in these 13 states, your Social Security benefits are subject to a state tax. That's on…
October 4, 2021
10 Best Stocks for Rising Interest Rates
stocks

10 Best Stocks for Rising Interest Rates

The 10-year Treasury yield is hovering near its highest level in months. Here are 10 of the best stocks to buy in a rising interest-rate environment.
September 30, 2021
How Big of a Threat Does Inflation Pose to Your Retirement?
retirement

How Big of a Threat Does Inflation Pose to Your Retirement?

You might be surprised how much inflation can nibble away at your retirement nest egg over time if you aren’t prepared.
October 3, 2021

Recommended

6 Things You Can Do Right Now to Ensure Your Money Will Last in Retirement
retirement planning

6 Things You Can Do Right Now to Ensure Your Money Will Last in Retirement

Your retirement plan needs to take a holistic approach. Because there are so many decisions to make, it’s easy to get lost in the weeds. Follow these …
October 15, 2021
10 Least Tax-Friendly States for Retirees
retirement

10 Least Tax-Friendly States for Retirees

When it comes to state and local taxes, retirees in these states are likely to pay more than retirees in other states.
October 14, 2021
Taxes in Retirement: How All 50 States Tax Retirees
Tax Breaks

Taxes in Retirement: How All 50 States Tax Retirees

We rated every state, plus Washington, D.C., on how retirees are taxed. We considered taxes on Social Security and other retirement income, tax exempt…
October 14, 2021
The 25 Cheapest U.S. Cities to Live In
places to live

The 25 Cheapest U.S. Cities to Live In

Take a look at our list of American cities with the lowest costs of living. Is one of the cheapest cities in the U.S. right for you?
October 13, 2021