Your 50s is full of opportunities and new possibilities. You’ve enjoyed much of your peak earning years. After years of climbing the corporate ladder, you now have one eye on retiring. And while you may still have financial commitments like your children’s higher education or the tail end of your mortgage, you know that in a few years, these will all be behind you.

In this pivotal decade, it is time to take planning for your golden years a lot more seriously. Your 30s and 40s may have been devoted to your marriage, children, career and other financial responsibilities, but your 50s should be when you strategise your savings, investments, and debt repayments for your own goals.

A good way to start is by conducting a thorough assessment of your finances. Determine if you are still on track to reach your financial goals. Are there any issues that could undermine your future financial security?