Retirement tips to act on right now if you’re 55+
                     Retirement tips to act 
on right now if you’re 
55+
 If you are 55+, you still have plenty of time to increase your retirement 
savings. This time period between turning 55 and retirement is crucial as you 
now see retirement in the near future and have a better idea of when you 
plan to retire. You also may stand to consider living expenses such as moving 
into 55+ communities. Here are some retirement tips you’ll want to act on 
right now if you’re 55+.
 Max out funding on your 401(k)
 Your 401(k) is an easy and automatic way to invest. One of the best parts 
about it is that you don’t need to pay taxes on any contributions until you 
withdraw while retired. Since your 50s and 60s are typically your highest-
earning years, it is the perfect time to make sure you are maxing out on 
contributions.
 Consider an IRA
 Whether or not you have a 401(k) through your work, you may want to 
consider opening an individual retirement account or IRA. IRAs can be either 
a traditional IRA or a Roth IRA. These two options have different tax rules and 
contribution limits, so you’ll need to do your research first to determine 
which is best for you.
 Understand what you’ll have coming in
 To best plan for your retirement, you’ll need to understand what retirement 
income you can expect. For example, if you work or have worked in a job 
that offered a pension, request a copy of your individual benefits statement 
every year. This statement will show you what retirement income you will 
have coming in and when they become vested. 
 Like many people, you also probably qualify for social security. As long as 
you have contributed to social security for 10 years or more, you’ll receive 
social security retirement income.
 Retirement should be a peaceful and relaxing time in your life. Keep in mind 
that people who reach the age of 80 live another eight to 10 years on 
average, according to the Center for Disease Control. This means there may 
be more years ahead than you think and you may be moving into 
55+ communities. To ensure you get to enjoy your retirement, plan ahead 
financially and consider these retirement tips. You’ll thank yourself in the 
future.
Get in touch with 
us
Active Senior Living in Warsaw Independent Senior Apartments in Burlington
5378 Conable Way 1844 Old Saint Mark’s Church 
Warsaw, NY 14569 Road
Burlington, NC 27215
585-558-4022 336-290-7171
[email protected] [email protected]
m
Active Senior Living in Orchard Park
100 Weiss Avenue
West Seneca, NY 14127
716-771-1439
orchardparkmanager@connect55.
com