Top 5 Retirement Savings Tips for 55-to-64-Year-Olds

2. Consult a financial advisor

Insider Money Score: 27

There are abundant ways a financial advisor can help you save for retirement. For instance, they can help you uncover various avenues that can help increase your retirement readiness, all while ensuring your current lifestyle isn’t compromised. A prominent example of this is assisting you in pinpointing tax-advantaged accounts, like Health Savings Accounts (HSAs), and enabling you to contribute funds on a pre-tax basis and experiencing tax-free growth on earnings. They can also ensure that you’re claiming all of your tax credits and deductions to minimize your tax bill.