Nearing Retirement

It's time to take a careful look.

As you get closer to retirement, it becomes even more important to be realistic about your savings strategy and goals. By taking a close look now, you can make changes to help you stay on track for the long term. Then when you reach retirement, you'll be ready to enjoy it.

Use the following checklist, and read on for more insights on how to prepare for the next phase.

Review your monthly income and expenses to see where you stand.
Create a retirement income plan to be sure you're financially ready.
Set aside cash to cushion against bear markets.
Decide what to do with any 401(k) balances and pensions.
Think about when to start taking your Social Security benefits.
Social Security and taxes.
Get information on supplemental health insurance options.
Develop an estate plan.

Investing involves risk, including possible loss of principal.

The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.

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Investing involves risk, including possible loss of principal.

The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.

The Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation that is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation.

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