Key Takeaways
- To prepare your finances for retirement, consider stashing more money in cash and fixed-income to avoid touching your nest egg if a bear market occurs.
- If you’re still short of your savings goal, you could take advantage of higher catch-up contributions while you’re still working or try phased retirement to boost your savings.
- Before you retire, start tracking your spending to get an idea of how much money you’ll need to cover your expenses in retirement.
