Retirement requires loads of planning, and it's never too early to double-check that you're on the right track. If you wait too long to get your plans in order, you could be in trouble.

Exactly what you should be doing right now to prepare depends on your time line. When you're a decade away from retirement, there are a few important moves to make now to ensure you'll be ready when the time comes.

Asset allocation refers to how your investments are divided within your portfolio -- specifically, how much of your portfolio is allocated to stocks versus bonds.

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Source Fool.com