What financial steps should I take to ensure I’m prepared for retirement?
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To prepare for retirement in your 40s, start by assessing your current financial situation and setting clear retirement goals. Maximize contributions to retirement accounts like a 401(k) or IRA, and take advantage of any employer match. Diversify your investments to reduce risk and ensure steady growth. Create an emergency fund with 3-6 months of expenses. Review your budget and cut unnecessary spending to boost savings. Consider consulting a financial advisor to develop a tailored plan and stay on track for retirement.