On Your Way: 40s and 50s
Remember when your biggest challenge was where to go after work on Friday? Today, you have growing responsibilities in your career and in your personal life. And – especially if you started saving early – a significant balance in your retirement plan savings. (If you didn't, don't despair. There is still plenty of time if you get serious about saving right now.)
Here are some important considerations and 5 actions to add to your check list.
Gain Insight into the New World of Retirement
From the time you entered the workforce until today, the world of retirement has undergone unprecedented change. And the changes are still going on. You don't have the time to wait around for it to stop. Fortunately, you don't have to. Explore how the world of retirement has changed and what you can do today to stay ahead.
You may be in midcareer, but time is still a great asset. Understand how to use the next decades to build retirement security.
It would be great if you got an early start saving for retirement. If you did – keep going. If you didn't, there's time to catch up. Either way, there's plenty to learn to keep you on the path.
Remember when Social Security seemed a long way off? With the fog surrounding Social Security, it's more important than ever to separate facts from hype.
There's always more to learn and new insights to be found.
Define Your Retirement
Define Your Retirement™ Tool
Retirement is no longer a distant vision, even if it hasn't come fully into focus. Spending some time visualizing your retirement will help you understand what you need to do today to achieve it the retirement you want based on realistic, actionable expectations.
Whether your retirement savings is building into a sizable asset or you need to do some series catching up, one thing is clear: there are actions you can take today that will improve your retirement future.
No time for regrets! Even if you are just starting now, we'll help you get on track and understand what you can do to make up for lost time.
Maybe you have been saving for retirement, but you have not been contributing the maximum. There is a price for waiting – whether it's waiting to start or waiting for some time in the future when you hope to contribute more.
There's more than one way to create retirement security – and more than one tool to use along the way. Open the toolkit to understand every savings tool you have at your disposal. Discover all your options now!
Okay, so you used to want a sports car but today you understand why a family car makes sense. Same goes for investing. Learn what the right investment strategy is for where you are in your career.
How should you put your strategy into action? Understand the investment products you have to incorporate into your retirement saving and investing strategy.
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This material is provided for educational purposes only and does not constitute investment advice. The information contained herein is based on current tax laws, which may change in the future. BlackRock cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided herein or from any other source mentioned. The information provided in these materials does not constitute any legal, tax or accounting advice. Please consult with a qualified professional for this type of advice.