SPECIAL REPORT: Building Your Retirement Nest Egg the Right Way

Saving For Retirement Isn t Enough: You Need a Wealth Plan | A 10-Year Checklist For Retirement Planning | Saving for Retirement? Six Moves That Can Derail Your Success Created for {EMAIL} | [Web Version]( October 20, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [Saving For Retirement Isn’t Enough: You Need a Wealth Plan]( [Saving For Retirement Isn t Enough: You Need a Wealth Plan]( (Getty Images) Do you have a retirement income plan that can provide sufficient funds for two to three decades of retirement? Bradley Rosen, owner and president of Longevity Financial, says that investing money is certainly a key component in retirement planning, but a wealth plan is much more comprehensive. To ensure you have a wealth plan in place that will work for you, [these five key steps can help get you safely to your retirement destination and beyond](. [] RETIREMENT PLANNING [] [A 10-Year Checklist For Retirement Planning]( [A 10-Year Checklist For Retirement Planning]( (Getty Images) If you’re on the back end of your fifties today, you’re in the final stretch of the rat race. All is not lost. There is actually still time to get back on track and plan a more secure retirement. [Here's a 10-year, year-by-year checklist](suggesting when to handle different parts of your financial plan as you approach the retirement finish line. [Is Roth IRA Conversion Really Worth It?]( Have you considered converting a pre-tax retirement account into a Roth account as you approach retirement? This approach could allow you to keep growing funds tax-free and then make withdrawals in retirement without paying taxes. Find out more to see if this strategy is for you. [LEARN MORE]( ADVERTISEMENT [] COMMON RETIREMENT MISTAKES [] [Saving for Retirement? Six Moves That Can Derail Your Success]( [Saving for Retirement? Six Moves That Can Derail Your Success]( (Getty Images) While setting aside money to live on after you retire from work may seem straightforward, there are definitely still some mistakes you can make along the way. The financial experts of Kiplinger Advisor Collective each discuss one thing you should never do while saving for retirement, and why doing so can ultimately derail your success. [Steering clear of these mistakes will save you a lot of regret once you reach retirement age](. [] RETIREMENT SAVINGS GUIDELINES [] [Nervously Nearing Retirement? Four Do’s, Four Don’ts and One Never]( [Nervously Nearing Retirement? Four Do s, Four Don ts and One Never]( (Getty Images) Starting a new phase in life that includes no earned income can be unnerving. According to a survey, among those who feared retirement, 40% reported that they fear retirement more than death. S, Thomas Diorio, president of FFG Wealth Management, understands that there are so many critical decisions to make and lots of opinions to consider and offers some common-sense tips to keep you on track. [Here are nine practical tips to help you or anyone that is nervously nearing retirement](. [] PLANNING FOR EARLY RETIREMENT [] [Five Things to Know if You're Considering Early Retirement]( An early retirement can happen by choice or by force. If you’ve been planning to exit the working world before traditional retirement age, chances are most of your ducks are already in a row. More often an early exit is the result of being forced out. CFP Evan T. Beach, cautions that in any period of economic volatility, you will start to see layoffs and buyouts. Keep reading and you will find five necessary steps to take if you’re offered an early exit. [Read More]( [Are You Maximizing Your Portfolio?]( An advisor can help you determine if you are making the most out of your portfolio so you can make the most of your retirement. Take this short quiz to get matched with up to 3 vetted financial advisors serving your area. It's never too late to work towards financial freedom. Get started today. [LEARN MORE]( ADVERTISEMENT [] RETIREMENT READINESS SURVEY [] [Most Americans Expect To Outlive Their Money In Retirement. Will You?]( How do you feel about retiring? Do you think you may outlast your assets? If you’re worried — you’re not alone. A recent survey compared the retirement preparations and expectations of workers aged 50+ with the experiences of retirees. The survey also revealed common mistakes both groups often make. Do you share the same concerns and apprehensions as those surveyed? Read more and find out. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. 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