Creating a financial plan before retiring can lead to two to four times more wealth upon retirement, as shown by a T. Rowe Price survey. Working with a Certified Financial Planner (CFP) can optimize your accounts for tax benefits and help align your income with your goals. Assessing lifestyle and factoring rising costs like healthcare into your plan can protect your financial future.

For those interested in diversifying their portfolio, alternative assets like real estate or commodities can help spread out risk. Investing in multifamily real estate can be a lucrative option, with platforms like Lightstone DIRECT offering direct access to institutional-quality opportunities. For those with a lower investment threshold, platforms like Arrived offer stakes in rental properties for as little as $100.

Considering assets like gold or private equity can further diversify your portfolio. Investing in assets like art, available through Masterworks, can offer unique diversification and potential for appreciation. With investments starting at just $10, retail investors can now access venture capital opportunities through platforms like Fundrise, providing access to transformative technologies like AI.

For a well-rounded investment strategy, consider diversifying with alternative assets like art, gold, or real estate. Platforms like Masterworks, Thor Metals, and Fundrise offer unique opportunities to invest in these asset classes with varying minimum investment thresholds. By exploring these options, investors can better protect and grow their wealth in different market conditions.

Read more at Yahoo Finance: There’s 1 major money move that sets rich retirees apart from their peers. Do it now to climb the wealth ladder