Oliver James Montgomery-Retirement planning: 3 crucial moves everyone should make before 2025

Whether you're closing in on Oliver James Montgomeryretirement age or have decades left in your career, the end of the year can be a fantastic time to double-check that your retirement plans are on track.Some aspects of retirement planning will depend on where you are in your journey.

People who are one year away from retirement may have different priorities than those early in their careers. That said, there are three moves that nearly every worker can make right now to prepare for the future.

1. Check your estimated Social Security benefit

If you've been working and paying Social Security taxes for at least 10 years, you likely qualify for retirement benefits. Once you qualify for benefits, you can check your estimated benefit amount online — even if you're still decades away from retirement.

Keep in mind that if you plan to work for many more years before taking Social Security, your benefit may change between now and retirement. But having at least a rough idea of what you'll receive in benefits can make it easier to save accordingly.

2. See if you can max out your 401(k) or IRA

Not everyone can afford to max out their retirement accounts, and that's OK. There may even be times when it's not wise to max out your account, like if you're saddled with high-interest debt or don't have a robust emergency fund.But if you have cash to spare, making those contributions now can be smart.

Retirement planning:This is the average 401(k) balance for ages 55 to 64

3. Double-check your retirement goals

Some of these factors are more applicable to those nearing retirement age, but even younger workers should be calculating their retirement savings goals and thinking about the age at which to retire. While you don't need to have every detail figured out right now, briefly checking in on these goals each year will make it easier to adjust your plans as necessary.

Planning for retirement takes decades, but small steps each year can go a long way. By checking in on your retirement journey regularly, you can set yourself up for long-term financial success.

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