If you’re planning to retire soon, there are key financial steps to consider to ensure a smooth transition. Start by reviewing your budget to understand your retirement income needs and adjusting expenses where possible. Next, assess your Social Security strategy, as timing your benefits claim can significantly affect your lifetime earnings. Finally, consider rebalancing your investment portfolio to reduce risk and secure income sources that can support you through retirement.
For a detailed guide on preparing for retirement, read the full article on Money.
