If you hope to retire within the next decade, now is a good time to map out a strategy . Having a well-thought-out plan will minimize the stress that comes with such a big transition -- and maximize your financial security. In terms of living expenses, do you plan to move to a lower-cost area when you retire? Figure out how much in savings you'll need to withdrawThe biggest psychological adjustment for everybody when they first retire is not having a steady paycheck anymore. Get outside help creating a planSetting up a financial plan to retire within a decade can get complex.

Source: CNN June 09, 2021 14:37 UTC