The Financial Importance of the Year Before Retirement

Some people view retirement planning as strictly a long-term game. While it is wise to start this process decades in advance, you can still make meaningful changes at any age. This includes even the year before retirement.

As outlined here on Yahoo Finance, there are some decisions you can make during this pivotal time that will shape your next chapter. Specifically, you can raise your Social Security benefits and enjoy a more financially lucrative future.

Check out the 5 tips and tell us which of these you’ll be following the year before retirement. Remember, there’s no such thing as “too late” when it comes to planning for tomorrow. The right decisions, even with retirement right around the corner, can transform your future.

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