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To fully understand your income needs, you need to know what a successful retirement lifestyle looks like to you. Making informed decisions at this stage can help you build a better retirement strategy.
Continue to save as much as you can—the money you save now still has time, maybe even decades, to work for you. For 401k plans and IRAs, if you are 50 or older, you may be able to take advantage of catch-up opportunities to potentially increase your retirement income.
Retirement Income Planner
If you're within five years of retirement or already retired, use this tool to create a comprehensive plan to help make your money last by projecting out your expenses against potential income sources in different kinds of market conditions.
Have an old workplace savings plan? Consider consolidating your retirement savings.