Getting ready to retire
Planning for retirement can begin 10 years (or more) before you actually retire. That can give you ample time to pay down debts, increase savings, and set yourself up for retirement success.
Retirement can last decades. It's important to understand your spending, your sources of income, when to claim Social Security, and how many years your savings may last.
Make sure your savings are on target as you get closer to retirement. It's a good time to begin thinking about where your income will come from once you've left your job.
Think about the lifestyle you want in retirement, along with access to friends, family, and quality health care. Downsizing in your current location may be an option or moving someplace new could help start your next chapter.
Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
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