As retirement nears, boosting your nest egg is crucial, especially since 1 in 5 Americans over 50 have no retirement savings. Taking advantage of catch-up contributions in your 50s and 60s can help you reach your retirement goals faster, with the potential to contribute up to $34,750 in 2025. Leveraging special provisions like catch-up contributions and investing in an IRA can enhance your retirement comfort.

Considering a gold IRA or alternative investments like commercial real estate could provide valuable diversification and tax advantages. Stress-testing your portfolio, creating a withdrawal strategy, and working with a financial advisor can help ensure a secure retirement.

With retirement just five years away, now is the time to balance your nest egg, consider unique tax-advantageous strategies, and plan for your desired lifestyle. Building a comprehensive financial plan and seeking professional guidance can help you navigate the complexities of retirement planning effectively.

Read more at Yahoo Finance: Are you 5 years out from retirement? Here are the 5 things you can do to avoid running out of cash in your golden years