Start your bonding.
Though stocks should still make up the bulk of your portfolio, shift about 20 percent of your retirement assets into bonds.
Speed up your mortgage payments.
If you intend to stay in your home, pay more now so that you can head into retirement without large, looming monthly bills. In the Mortgages section at bankrate.com, you can calculate how much less time it will take you to own your house fully if you up your payments; you'll also be able to see how much you'll eventually save on interest fees.
Personal finance expert and O, The Oprah Magazine columnist Suze Orman prioritizes between paying down your credit card debt and saving your money.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.
Our December issue features Oprah's Favorite Things—as well as your chance to win them all! You'll also find our easy holiday declutter plan, Dr. Oz's guide to sleeping better (starting tonight) and the ultimate holiday menu.