Debt-Free Living: Aim to pay off all high-interest debts, including credit cards, personal loans, and ideally, your mortgage.
Substantial Retirement Savings: By 60, you should have a robust retirement savings account.
Healthcare Planning: Have a clear understanding of your healthcare options, including Medicare that kicks in at 65.
A Diversified Investment Portfolio: Ensure your investment portfolio is appropriately diversified to manage risk, especially as you approach retirement
A Comprehensive Retirement Budget: Draft a detailed retirement budget that accounts for all your expected income sources and expenses.
A Retirement Income Plan: Develop a plan for how you will withdraw from your savings and investments to create a steady stream of income in retirement.
An Updated Estate Plan: Ensure your estate plan, including your will, trusts, and beneficiary designations, is up to date