So you have raised your children, entered your peak earnings years and finally feel that you are not living paycheck to paycheck. Now is the time to begin enjoying the fruits of your many years of labor—and to get a grasp of the concept of an imminent retirement.
But are you ready? Do you know how to measure your preparedness for the final 10 to 15 years of your working life? There are four major issues that 40- and 50-somethings should ensure are addressed when preparing for retirement—or what we call financial independence: mitigating risk, planning an estate and developing both an investment strategy and an overall financial plan.