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Getting Ready to Retire: Prepare Your Portfolio

Get your portfolio ready for retirement

For years retirement meant putting money away—soon it’ll mean taking it out. Retiring with peace of mind requires a strong income plan and retirement investment strategy. Fidelity believes you should consider these important steps:

  • Know what your living expenses will be once you retire and the annual income you will need to cover those expenses by understanding your income and expenses in retirement.
  • Keep the importance of asset allocation and periodic rebalancing in mind as you transition into retirement. Make sure your portfolio is allocated appropriately to match your needs and risk tolerance, which may be changing.
  • Create a sound strategy for generating income in retirement. You’ll need to consider how important continued growth potential, guaranteed income, flexible access to your money, and principal preservation are to you and balance your income priorities.
  • Before you start using your savings in retirement, understand guidelines for your withdrawal rate and which accounts to withdraw from first.

Next steps

Portfolio Review
Identify a target asset mix that aligns with your goals, then easily implement an investment strategy that will help you stay on track.

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.

Fidelity Income Strategy Evaluator®
Find a mix of income-producing investments to meet your needs in retirement.

Roll over a 401(k)

Have an old workplace savings plan? Consider consolidating your retirement savings.

Portfolio Review, Retirement Income Planner, and Fidelity Income Strategy Evaluator are educational tools.
Guidance provided by Fidelity is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions.
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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