People in their 50s who are nearing retirement have a lot on their plates. Between mortgages, adult-age kids and other responsibilities, it can be hard to prioritize everything. However, it’s never too late to prepare yourself for those golden years.
Look at your spending to figure out where your money is going and if you need to start budgeting so you’ll have enough savings for retirement.
“I often see couples unaware of each other’s spending habits until they create a budget,” said Dolph Janis, owner and founder of Clear Income Strategies Group. So have a serious talk with your spouse about establishing spending controls and setting aside funds for your future.
These days, some people who retire in their 60s live until they’re 90 years old. That’s a 30-year gap of time you’ll need to fill with meaningful experiences and, well, money. Don’t retire without knowing what you want to … Read More