5 Smart Money Moves for Near-Retirees: Apple Inc. (AAPL) and More

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Idea 4: Plan out your retirement finances.
The best time to figure out how to handle Social Security and Medicare is before you retire. By understanding your benefits before you need them, you can pre-plan major decisions like when to take Social Security or timing your health-insurance needs with Medicare coverage. Especially if you’re looking at early retirement, avoiding the high cost of health coverage is a key part of preparing to call it quits for your career.

Idea 5: Get rid of debt once and for all.
The last thing you need as you approach retirement is a big debt monkey on your back. If you’ve incurred credit card or other high-interest debt, get it paid down now while you still have your paycheck to help you. Otherwise, on a limited income, you may find yourself unable to get out of the hole you’ve dug for yourself.

Stay tuned
Be sure to check back later in the week for more advice for investors of all ages. Coming up next: advice for those in their 40s and early 50s to handle the challenges of balancing competing money needs.

The article 5 Smart Money Moves for Near-Retirees originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger owns shares of Apple. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Apple and Intel. The Motley Fool owns shares of Apple, Intel, and Microsoft.

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