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What should you focus on as you start getting your retirement ducks in a row?
Keep reading to learn which three financial moves boomers need to makebefore retiring this year.
What do the contribution limits look like in 2024?
Boomers planning to retire mid-year, for example, would not be able to contribute the full annual limit.
Ideally, this should be anywhere from two to four years worth of living expenses.
The more years of living expenses boomers can contribute to this jot down of reserve account, the better.
This (largely) removes the market-timing risk as you withdraw funds over a multi-year period, said Urban.
Urban said this would allow them to leverage the rule of 55 and avoid the10% early withdrawal penalty.
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