There’s 1 major money move that sets rich retirees apart from their peers. Do it now to climb the wealth ladder

Financial Planning and Retirement - A financial plan is essential for retirees to ensure they are on track for a successful retirement and to optimize accounts like 401(k), IRA, and Health Savings Accounts for tax benefits [1][3] - A T. Rowe Price survey indicates that respondents with a formal financial plan have between two and four times more wealth upon retiring compared to those without a plan [2] - Nearly 50% of Americans make significant mistakes regarding Social Security, highlighting the importance of proper financial planning [3] Healthcare Costs - Fidelity estimates that a 65-year-old couple will spend approximately $12,850 on healthcare in their first year of retirement [6] - Medicare Part B premiums are set to increase nearly 10% in 2026, marking the largest single-year increase in four years [7] Investment Strategies - Diversifying portfolios can lead to better risk-adjusted returns, with non-U.S. equities providing an advantage over solely investing in the S&P 500 [10] - Investing in multifamily real estate is recommended as it may be less impacted by economic downturns compared to other asset classes [12] - Gold has surged over 70% in the past year, making it a viable option for wealth protection against market volatility [20] Alternative Investment Opportunities - Fundrise offers a venture capital product that allows investors to build a portfolio of private tech companies, with investments starting at just $10 [24] - Masterworks enables investors to buy fractional shares in high-value artworks, providing unique portfolio diversification with historical returns [29]