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:
- Start saving as early as possible to allow your money to grow over time.
- Utilize retirement accounts such as a 401(k) or IRA to take advantage of tax benefits and employer matching.
- Diversify your investments to manage risk and potentially increase returns.
By following these strategies, individuals can work towards a financially secure retirement.