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On the other hand, youre leaving a steady paycheck behind and all the financial security it brings.
Here are eight ways to stress-test your savings if youplan to retire in 2025.
Budget for Healthcare
Healthcarefor seniors is both unpredictable and potentially very costly.
Northstar Financial suggested that you use your stress test to evaluate how much to set aside for healthcare costs.
confirm yourportfoliohas the right balance of assets to help you avoid unexpected surprises in retirement.
You dont want to be overexposed to volatile assets that could suffer steep declines during a market downturn.
Run Simulations
Northstar Financial recommendedworking with a financial advisor to run simulations based on different scenarios.
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