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Nearing retirement
Retirement is getting closer, so it is time to check the numbers.
When retirement is around 10 years away, planning must become practical. Check where you stand now and correct any gaps while there is still time.
6 of 6 lessons published
Check your financial position with a net-worth statement
Everything you own minus what you owe — and why the investable figure, excluding the home you keep, is what funds retirement.
02How much money do I need for retirement?
The fund you actually need — about 25× future annual expenses — and why inflating expenses to your retirement year matters most.
03Reduce investment risk without stopping growth
Why the years around retirement are most vulnerable, why all-safe is its own risk, and the bucket approach that keeps growth.
04Buy health cover before it becomes costly or difficult
Lock in independent cover before retirement, avoid the employer-cover sudden loss, and what recent rules changed for older buyers.
05Make a will and explain it to your family
Why a clear will matters more now, aligning nominations with it, and the half everyone forgets — telling your family.
06Help adult children without risking your retirement
Secure your own retirement first and help from surplus — why sacrificing it backfires, and how to help well.