Being financially successful requires making important decisions and taking the correct actions in every decade of your life. Some of the actions are very critical to your longer term success and are the reason they need to be taken earlier in your life. Others are strategies to implement as you are moving into and living in retirement.
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.
Lets face it, managing money can be adventure especially in today’s ever changing financial environment. Whether you have a portfolio of investments or it is just managing your 401k, there are mistakes to avoid if you want to have long-term success.
We often hear that a budget is the key to financial success but did you know there are many different types of budgets? Picking the one that works for your current situation is the key to budgeting success.
For most everyone, following the basic money rules is the path to success. However, just like all rules, there are exceptions. Knowing when to break a money rule can be the key to long term financial success breakers.