See where you stand and what to do next toward retirement

2. Set yourself up for success, no matter where you stand

We believe that following our Investing Principles can help keep you on the right path, so that you can retire on your terms.

• Establish a plan based on your retirement goals. Think of this as the road map to your retirement destination.
• Get invested. Build a diversified* portfolio based on your tolerance for risk.
• Stay on track. Rebalance your portfolio regularly to keep aligned with your risk tolerance.

*Diversification does not ensure a profit or protect against losses.

2. Take these steps to help make your money last

Figuring out how to generate income can be complicated. With Schwab’s four-step retirement income strategy, you can feel confident moving from saving to spending.

• Plan your spending. Create a financial plan based on your goals, expected spending, and how long you need your money to last.
• Choose your investments. Build a diversified portfolio that takes into account your desired growth, income, risk and timeline.
• Tap your income sources. Generate a reliable income stream by tapping your entire portfolio, in tax smart ways.
• Update your plan. Monitor and adjust your plan and portfolio regularly to make sure your money lasts, regardless of life or market changes.