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Approaching retirement, individuals in their 60s have a median net worth of about $439,000. By this age, it's essential to finalize and verify your retirement savings against projected living expenses.
Aiming for a net worth upwards of $550,000, and potentially $2.8 million for top earners is ideal.
Critical Goals for Your 60s:
Finalize Retirement Arrangements: Ensure your savings align with expected expenses and consider your withdrawal strategy.
Focus on Capital Preservation: Guard your wealth against high-risk opportunities as you approach the end of your career.
Establish an Estate Plan: Designate guardians for dependents and manage plans for asset distribution after your passing.