Tag: wealth preservation

As retirement nears, it’s crucial to shift from wealth accumulation to wealth preservation. Experts recommend six steps: understanding your financial stage (entering the “pre-retirement” phase), updating your financial plan to account for potential expenses and tax changes, considering a financial advisor, optimizing your 401(k) by reducing risk and diversifying investments, carefully evaluating whether to roll over your 401(k) to an IRA, and being prepared to adjust your plans if necessary. The article