Planning for retirement is about more than saving money; it’s about gaining the freedom to live the life you want. While many think they’ll work forever, the need for a solid plan becomes clear as life and priorities change. Starting early gives you more options for your future, whether that means retiring early or pursuing new passions. It’s never too late to begin making intentional decisions to secure a fulfilling, work-optional future.

Saving $1,000,000 for retirement is an impressive achievement, but its purchasing power decreases over time. This amount might not be enough to live on unless you have minimal expenses or other income sources. Diversifying your income streams and boosting your savings rate can help ensure a more comfortable retirement. Read more to learn strategies for maximizing your retirement savings and income.

The Secure Act 2.0 is making changes that are critical for any investor over 50, and high earners, to be aware of.

It's critical to plan for a longer life than you think, which means more saving for lifestyle, healthcare, insurance, taxes, and more.