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What is the proper strategy for someone approaching retirement?

User LarsVegas
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Final answer:

The proper strategy for retirement includes careful planning, saving, and diversifying investments.

Step-by-step explanation:

The proper strategy for someone approaching retirement involves careful planning and saving. It is recommended to aim for around 70% of your pre-retirement income in order to maintain a comfortable lifestyle. Some strategies to consider include:

  1. Start saving as early as possible to allow your money to grow over time.
  2. Utilize retirement accounts such as a 401(k) or IRA to take advantage of tax benefits and employer matching.
  3. Diversify your investments to manage risk and potentially increase returns.

By following these strategies, individuals can work towards a financially secure retirement.

User Baggers
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