When we think about retirement planning, we picture a person diligently making changes decades ahead of time.

Young people and middle-aged adults often save money, organize their portfolios, and plan for the future well in advance. But even if you’re only a year away from retirement, your decisions still matter.

While some may assume this is too late to make meaningful changes, nothing can be further from the truth.

As explained here by Laura Bogart of GOBankingRates by way of Yahoo Finance, there are many beneficial decisions you can make in your last year before retirement. For example, increasing your income, even during this one year, could mean higher benefits all throughout retirement.

Check out this great article and let us know how you’re planning for retirement. For more content like this, follow us on Facebook and Twitter.