Once you retire, your paychecks stop coming in. That fundamentally changes your relationship with your money and your 401(k). To the extent you will be relying on it to cover your costs of living, you will need to make sure your 401(k) is set up to enable your success, even when the market isn’t cooperating.
With that in mind, here are 10 changes to make to your 401(k) when you’re near retirement to improve your chances of your money lasting at least as long as your retirement does. With a solid plan in place before your call it quits, you can spend more of your retirement on family, friends, and the things that matter, and less of it worrying about the mechanics of your money.
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