Take steps like maximizing retirement contributions, paying off debt, and diversifying investments for richer retirement.

From Yahoo Finance: 2025-06-30 09:16:00

In your mid-40s to late 50s, you enter your peak earning years, best positioned to build real wealth, according to finance expert Suze Orman. Focus on building wealth and accelerating retirement savings during this time.

Orman stresses maximizing contributions to tax-deferred retirement accounts like 401(k)s and traditional IRAs, and diversifying with Roth IRAs. Pay off your mortgage quickly to avoid financial stress in retirement, and avoid overfunding education accounts at the expense of your own retirement savings.

Eliminate high-interest debt like credit card balances, and invest smarter during your peak earning years. Diversify your investment portfolio with a mix of stocks, bonds, mutual funds, and real estate for long-term growth. Invest consistently through dollar-cost averaging to avoid market timing risks.

During your peak earning years, act decisively, invest strategically, and adapt your financial habits for a richer retirement. Keep your eyes on the retirement prize and ensure the future you’ve been working towards is one you can enjoy to the fullest.



Read more at Yahoo Finance: 6 Steps To Take in Your Peak Earning Years for a Richer Retirement