What you must do now:

The Dallas Morning News - - NATION -

50-59 years old

• If you have a 401k, com­mit to con­tribut­ing the max­i­mum amount pos­si­ble to earn the match­ing amount from the em­ployer. This is like free money, but don’t con­trib­ute over this amount.

• Con­trib­ute to an in­dexed fund that will pro­vide you a con­sis­tent in­come once you re­tire.

• Set up au­to­matic drafts of a set per­cent­age of your pay­check so that ev­ery month you are con­tribut­ing to your fu­ture in­come.

60-69 years old

• Make cer­tain your as­sets are in

a prin­ci­ple-pro­tected in­vest­ment

• Turn on the guar­an­teed in­ter­est

in­come.

• De­ter­mine how you can wait to file for So­cial Se­cu­rity for higher pay­outs.

70-79 years old

• Be­gin draw­ing So­cial Se­cu­rity ben­e­fits at age 70 and be­gin tak­ing the re­quired min­i­mum distribution pay­ments.

• Max­i­mize your state and fed­eral ben­e­fits for as­sisted liv­ing or nurs­ing home costs.

• Make sure your es­tate pre­se­va­tion plan­ning is com­plete and up to date and en­sures pro­tec­tion of all your as­sets.

80-89 years old

• Make cer­tain your distribution plan is in place to re­lieve the stress in this area for your fam­ily.

• Make cer­tain your es­tate plan is

up to date.

• Min­i­mize taxes to your loved

ones at distribution.

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