5 Money Moves in Your 50s as You Ramp Up to Retirement

5 Money Moves in Your 50s as You Ramp Up to Retirement

Now that you're in your fifties, you're in your peak earning years, and you may be done with college bills or about to retire your mortgage. Age 67 is the full retirement age for Social Security for those born in 1960 and later, so you still have plenty of time to get your retirement plan...

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Veröffentlicht in:Kiplinger's personal finance 2016-04, p.1
1. Verfasser: Clark, Jane Bennett
Format: Magazinearticle
Sprache:eng
Schlagworte:
Guidelines
Personal finance
Retirement
Retirement benefits
Retirement planning
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Zusammenfassung:Now that you're in your fifties, you're in your peak earning years, and you may be done with college bills or about to retire your mortgage. Age 67 is the full retirement age for Social Security for those born in 1960 and later, so you still have plenty of time to get your retirement plan in order. Here are five money moves in your 50s as you ramp up to retirement: 1. Max out your accounts. 2. Plan for long-term care. 3. Create a retirement budget. 4. Plot your Social Security strategy. 5. Tap your home's equity.
ISSN:1528-9729