10/05/2026
Retirement planning isn’t a one-and-done task. There are many factors that can affect not just your retirement savings but also your family situation upon entering retirement. In the years since you began building your nest egg, you may have gotten married, divorced, and remarried, your kids may be out of college and starting their own families, or you could have a child who is still financially dependent on you. And then there are economic events that impact your retirement plan—both the personal ones, like job changes and promotions, and the global ones, like the pandemic and inflation. All of these things factor into when and how well you’ll be able to retire.
As you approach retirement, it’s important to reassess your financial situation and retirement savings. Consider whether you need to make adjustments in your lifestyle in order to bolster your savings while you’re still drawing a full-time salary. Or, you may decide you need to work an extra year or two. Of course, the opposite may be true—you may find that you’ve done well enough saving and planning that you can retire a bit earlier than expected. Either way, taking inventory of your current situation and adjusting your plan as necessary is important for crossing the finish line.
