If you’re nearing retirement and have done reasonably well—house is paid off, kids are settled, some savings in place—then take a moment to hear this: you’ve won the game. Now is not the time to take wild swings.
Too many people make the mistake of chasing “just a little more.” A few more years. One big bet. Some hot stock. Or worse—shifting into risky assets to “catch up” when there’s no need.
Stop. The goal is not to win bigger. The goal is to keep what you’ve earned. Your job now is defense, not offense.
You don’t need to double your money. You need to make it last. That means preserving capital, reducing volatility, and making conservative choices. Shift to stable income sources. Keep enough cash for 2–3 years of expenses. Limit exposure to high-risk stocks or speculative assets. Diversify.
Also, simplify. Fewer accounts. Clear plans. Automate where possible. Reduce the chance of error—yours or others’. You’re not trying to beat the market anymore. You’re trying to sleep well.
This is also the time to align money with meaning. What do you want your days to look like? Who do you want to help? What legacy matters to you? Spend on those. Not on impressing others or chasing the next high.
If you’ve won the game, stop playing. Enjoy the view from the stands. Protect your trophy. You’ve earned it.