10 ways to get ready for retirement after age 50 Clients in their 50s need to maximize the growth potential of their savings as they get close to retirement, according to this article on Yahoo Finance. To accomplish this, they need to save aggressively, pay off their mortgage and other debt, downsize and make the most of the tax breaks they deserve. Also, they should take advantage of catch-up contributions, close the gaps in their health insurance coverage, develop a strategy for claiming Social Security benefits, secure their status in the company and create a good job exit plan. –Yahoo Finance

Sustainable retirement spending and market returns An analysis by a retirement expert attempts to determine how sustainable spending rates would be affected by a longer planning horizon and wealth preservation mechanism at the end of this horizon, according to this article on Forbes. The analysis shows that sustainable spending rates would decrease as time horizon gets longer, with spending rates likely to drop to 5% for a 20-year horizon with 0% investment returns. The sustainable spending rate would be 0% for any planning horizon if the investments produce 0% return and a provision is in place to preserve the portfolio, the analysis found. –Forbes

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