Part 5/8:
Preparing for retirement in your 40s means adjusting your savings strategy to account for lifestyle preferences. Regularly reviewing your retirement plan can help you align your savings rate with your desired lifestyle during retirement.
Navigating Your 50s
Moving into your 50s, the median net worth is approximately $171,000 for those aged 50 to 54 and $194,000 for those aged 55 to 59. At this stage, retirement feels more pressing, making it essential to approach your financial planning as an ongoing, dynamic process rather than a one-time setup.