64: HOME STRETCH - TAKE COMPLETE ADVANTAGE OF ALL AVAILABLE RESOURCES
Confirm all financial resources: Review your pensions, profit sharing, social security, and any other income sources. Understand how much money you have, how much money you will receive during retirement, and fully evaluate if you have enough to live your desired retirement lifestyle.
Make sure your investments are properly allocated: As you come closer to retirement it is important to move your investments out of the stock market and into bonds or annuities. Bonds and annuities are much safer than stocks, which helps protect your money in case of a recession during retirement.
Do a retirement lifestyle dry run: It is important to practice and get comfortable living on the project cash flows that you will receive throughout retirement. Retirement lifestyle dry runs are a terrific way to save extra money, eliminate the rest of your debt, or invest more money.
ADDITIONAL RESOURCES AND INFORMATION:
When does Medicare coverage start? Part A and Part B
Top 5 things you need to know about Medicare Enrollment
How much does early retirement reduce Social Security benefits?
Getting ready to retire? Here's a planning guide for the 5 years before your last day