If 20-somethings spent as much time planning their retirements as they do planning their weddings, vacations, or car purchases – oh what a financially secure world we would live in! Fifty years ago, when Baby-Boomers were in their 20’s, they had more “important” things to do also – like hitching rides to Woodstock, protesting the war, and changing the world in general. Who had time to come up with a savings plan?
Today, Baby Boomers are more than ready to plan their retirements. But the game has changed from one of saving and investing, to one of conserving. Now you have to plan your post-retirement income based on what you’ve already accumulated and incorporate strategies to pay for big ticket expenditures like health care costs, long-term care, and the possibility of a very long life. Here are some savvy tips for things you can do right now to help pave the way for a successful retirement.
– The Savvy Investor
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