Retirement planning can be pretty challenging if you have not prepared ahead of time. It is important to assess your savings for retirement throughout but it becomes more critical during the retirement red zone. Ten years before or after retirement are regarded as a red zone by financial professionals. How your retirement portfolio behaves during this time determines your standard of living after you retire.
The good news is that you can prepare for a happy and smooth-sailing retirement by knowing about the challenges of this time period. Read through this post to learn how you can plan a secure future when you are just 10 years away from retirement.