Planning for retirement is crucial in the five years leading up to it. Revisit goals, adjust investments, and consider additional income sources like a side hustle. Prioritize budgeting and consult a financial adviser. Explore tax planning strategies like a gold IRA for inflation protection. Consider options like commercial real estate for passive income.

Research healthcare costs for retirement, as expenses can be significant. Understand Medicare coverage and enrollment periods. Long-term care insurance can help cover costs and prevent a strain on your retirement fund or family finances. Consider options like hybrid life insurance with long-term care benefits for comprehensive coverage.

Read more at Yahoo Finance.: The 5 years before retirement are critical for Americans. Here’s why, plus what you can do to prepare