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What are the top things to consider when setting up a retirement plan?
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1. Establishing a savings goal.
2. Researching different types of retirement accounts and determining which is most suitable.
3. Evaluating and managing investment risk.
4. Calculating contribution amounts and staying within contribution limits.
5. Investing regularly and making sure that account contributions keep up with inflation.
6. Diversifying investments across different asset classes.
7. Optimizing Social Security benefits.
8. Considering options for annuities and long-term care insurance.
9. Planning for desired lifestyle adjustments in retirement.
10. Setting up estate planning and legal documents.