Investing Basics
Preparing To Retire

If you are nearing retirement, you should make sure you are:

• Investing to meet your income needs. This means reviewing whether you have accumulated enough money to meet your income needs in retirement, then checking your investment mix to see if your portfolio is aligned with your goals in retirement.
• Planning your distributions for tax efficiency. First, learn about the tax consequences for tapping different accounts, and then plan your distributions so you avoid early withdrawal taxes and penalties.
• Designating beneficiaries wisely. If you understand the tax consequences your heirs will face, you will be better equipped to select beneficiaries and care for loved ones.

You can read more about this topic in the Helpful Tips guide, Managing your Savings in Retirement.