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When you’re in your 50s, it’s likely that you’ve been in the workforce for a number of years and are in your peak earning years. Retirement is no longer something way off in the future; it’s real and will be upon you quite soon. These are the years you need to be maxing out your 401(k) plan, and saving as much as you can in other places, too. You also need to be doing some concrete retirement planning.