From Yahoo Finance: 2025-05-11 07:00:00

Planning for retirement can be overwhelming, but hitting these six milestones can boost your confidence. Financial advisors recommend having assets worth at least 25 times your annual expenses for a comfortable retirement. It’s crucial to consult a professional advisor to create a customized plan that considers your income, investments, and expenses. Eliminating non-mortgage debt before retiring is essential, as unexpected medical expenses can lead to debt in your senior years. Consider planning your estate before you retire to maximize tax advantages. Creating a social and mental health plan before retiring can prevent boredom and loneliness. Consider a trial run before retiring to ensure a fulfilling retirement.



Read more at Yahoo Finance: Think you’re ready to retire? Don’t make the leap until you’ve hit these 6 key milestones