Taking care of your money is an important part of caring for your whole self. Setting actionable goals to improve your finances can lead to improvements in other areas of your life as well. This five-part series maps out some key financial goals you may want to set for each decade of your life. Part 1 covered money moves for your 20s; Part 2 dealt with financial targets for your 30s. Part 3 examined the most important financial goals to aim for in your 40s. In Part 4, we cover the goals you should be setting in your 50s.

Being 50 can be fabulous by itself, but being 50 and feeling financially secure? That’s even better.

Your money outlook in your 50s is likely very different from previous decades in your life — and hopefully it’s much brighter. To keep it that way, include these four goals as part of your ongoing financial self-care plan.

1. Play Catch-Up With Retirement

Turning 50 is good news for your retirement strategy. If you’re currently saving for retirement in a 401(k) or similar employer-sponsored retirement plan, or an Individual Retirement Account (IRA), you can start socking even more money away for your later years if permitted by the plan.

The Internal Revenue Service allows savers age 50 and older to make catch-up contributions to these accounts, on top of the annual contribution limit. If you’re saving in a 401(k), for example, you could contribute $19,000 for 2019, plus a catch-up contribution of $6,000. The catch-up limit for traditional and Roth IRAs is $1,000, on top of the regular contribution of $6,000 ($7,000 if you’re age 50 or older). If you got off to a slow start on saving for retirement, in your 50s you may have an opportunity to get your plan back on track.

2. Decide Whether It Makes Sense to Pay Off the Mortgage

Your home may be your greatest asset, but it can also be a liability in retirement if you’re still carrying a hefty mortgage payment. Research from the Bureau of Labor Statistics shows that adults 55 and older spend more than 33 percent of their annual income on housing alone. In your 50s, you should be thinking about whether you want to accelerate your mortgage payoff so that you own your home free and clear once you leave the 9-to-5 for good.

Of course, if you still have other debts, such as credit cards, car loans or even student loans, you may want to make getting rid of those first a priority, especially if they’re associated with higher interest rates. You also may want to put paying your mortgage off early on the back burner if you’re still short of your retirement goals and you need to add to your savings. Delaying your debt payoff may mean paying more interest in total, but making sure you have enough saved for retirement is crucial for your financial health at this stage of the game.

3. Start Planning Now for Health Care Later

Nothing can wipe out your retirement savings faster than expensive medical bills. According to the Fidelity Retiree Health Care Cost Estimate, the average 65-year-old retired couple in 2018 may expect to spend $280,000 on healthcare in retirement. That doesn’t include the cost of long-term care in a skilled nursing facility, which cost an average of $100,375 annually for a private room in 2018, says Genworth.com.

So, how do you keep these costs from killing your retirement? First, you can save in a Health Savings Account, or HSA, if you have access to one. HSAs are associated with high deductible health insurance plans.

Your contributions are deducted from your taxable income for the year, and you can make withdrawals for health care tax-free. After age 65, you can make withdrawals from an HSA for any reason without a penalty. You’ll just owe income tax on the money, which is handy if you need some extra cash for non-medical expenses in retirement.

Purchasing long-term care insurance is another option. This type of policy helps cover the cost of long-term care — whether in a facility or in your home, depending on the coverage — so you don’t have to spend down your retirement assets. You’ll pay an upfront premium for this type of coverage, but the younger and healthier you are when you buy, the lower the cost is likely to be.

Of course, long-term care insurance can be a gamble because, if you stay healthy, you may never use it. An alternative is to consider a hybrid policy that includes both life insurance and long-term care insurance coverage. Having both helps ensure that the policy won’t go unused.

4. Perform a Portfolio Check-Up

Even though retirement may be 10 or 15 (or more) years away, now’s the time to think about making a shift with your investment strategy. If the bulk of your investments are still in stocks and the market were to decline, you could lose in a big way. BetterMarkets.com estimates that the U.S. economy lost more than $20 trillion in gross domestic product as a result of the 2008 financial crisis. If history were to repeat itself, you may not have time to recover your losses prior to retiring.

This doesn’t mean you have to completely abandon stocks, but you should be looking at your portfolio closely in your 50s. Consider how much risk you’re taking on and how well your current investments reflect your risk tolerance. If you’re playing it too safe — or taking too much of a gamble — revamping your portfolio may be the right move.

In your 50s is an ideal time to wrap up certain financial loose ends before you start the official countdown to retirement. As you turn your sights toward your 60s, you can begin thinking about setting financial goals for the next exciting phase of life.

Over the course of your life, your finances can vary greatly and what’s most important to you may evolve as you move from your 20s to your 60s and beyond. This series is designed to help you build a blueprint for practicing financial self-care through the various stages of your life. Creating plans to improve or stabilize your money situation and reviewing them regularly may help you reach your final objectives with less stress and more security.

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