💨 Abstract

The article discusses retirement planning for individuals who are five years away from retirement. Key points include: - Working with a financial advisor to maximize savings and avoid mistakes. - Adjusting the retirement portfolio and knowing income needs. - Evaluating expenses, planning health care, and protecting the estate. - Strategies for generating income from the retirement portfolio, including diversified investments. - Planning when to collect Social Security benefits. - Covering medical expenses and setting up an estate plan.

Courtesy: WTOP Staff