Even though there are several important financial events in your life, your retirement is the single most important financial step in your life. Preparing for this event shouldn’t start a few years before it happens.
During your lifetime you will certainly spend more than you should, not save enough or make some other poor financial decision. The little mistakes might not seem important but any money mistake can lead to bigger problems if not fixed.
September is National Preparedness month and an important component is being financially prepared for all of the life events that can come your way, expected or unexpected. It starts with understanding how different life events might impact your financial situation.
If your goal is to retire sometime in your early to mid-60’s then there are a few financial moves you should be making in your 50’s. These moves will help increase the chances that you can retire on your terms with the financial security that you need. If you have planned well prior to 50, you might discover that you are in good shape already.