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  With 2024 drawing to a close, now is the perfect time to assess your wealth plan. Despite the year's stabilization, the upcoming presidential election may introduce new variables. Proactive planning ensures your financial strategy remains aligned with your goals. 1. Reevaluate Your Risk Tolerance: Life Changes: Have there been significant life events, such as a new job, marriage, or the birth of a child, that have impacted your risk tolerance? Market Conditions: Consider recent market fluctuations and how they may affect your investment strategy and savings. 2. Review and Update Your Investment Portfolio: Asset Allocation: Ensure your asset allocation aligns with your risk tolerance and long-term objectives. Tax Efficiency: Harvest losses to offset gains and minimize your tax liability. Rebalance: If your portfolio has drifted significantly from your target allocation, rebalance to maintain your desired risk exposure. Interest Rate: Review outstanding debts in preparing for...

While $100,000 might not seem like a substantial retirement fund, with careful planning and strategic decisions, you can make it work for you. Here are seven strategies to help you retire comfortably on a limited budget: 1. Downsize Your Living Situation Consider moving to a smaller home or apartment to reduce housing costs. This can significantly lower your monthly expenses and increase your disposable income, allowing you to save more for retirement or other financial goals. A smaller home can lead to a simpler, less stressful lifestyle, reducing the need for extensive maintenance and upkeep. Tips for Downsizing: Assess Your Needs:  Carefully evaluate your current living situation and determine the essential features for your comfort and convenience. Consider Location:  Explore areas with lower cost of living, such as smaller towns or suburbs. You may want to consider moving outside the United States.  Explore Housing Options:  Consider various housing options, ...