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Retirement planning: What to do

You're in the homestretch! The 5 to 10 years before you retire is a critical time for planning to meet your goal.

See how you could benefit from expert advice

We believe anyone can be a successful investor by following some basic principles.

But even if you've been investing solo for decades, think about whether you might benefit from advice as you begin planning for retirement. During this time, you'll be making some very important decisions that could make or break your retirement timeline.

How to retire

If you feel confident you can handle retirement planning on your own, here's your checklist of things to do.

See when you can realistically retire

It's not a simple question to answer, but running some numbers will give you a good idea about where you stand.

Learn how medical care could affect your expenses

Many of your day-to-day expenses in retirement will be similar to those you have currently. But one expense you'll have to think about is your medical insurance.

Learn how Social Security timing will affect your income

You can start collecting Social Security payments at age 62, but that's not the whole story. See how a variety of options and strategies could affect your retirement income.

Make a plan to pay off your debt

You may decide to retire before all your debt—for example, your mortgage—is paid off, and that's okay. Just make sure you understand the implications and have a plan to pay it off.

Keep your plan on track

As you get closer to retiring, make sure you're doing everything you can to set your savings up for success.

We're here to help

Talk with one of our investment specialists.

Call 800-962-5028

Monday through Friday
8 a.m. to 8 p.m., Eastern time

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