When we create retirement projections for our clients as part of their financial plans, we identify areas of risk and review ways to improve their outlook for retirement.
Many of our clients are between the ages of 50 and 65, and even in the later stages of their working careers, they still have opportunities to improve their outlook for retirement.
Brian was interviewed for a recent article in the Wall Street Journal titled “Saving Strategies for Older Singles” by Ann Tergesen. Brian noted that most couples have two incomes and shared economies for their expenses. Single individuals must rely upon themselves to save and invest more.
The article can be found at: http://online.wsj.com/article/SB10001424053111904787404576535213959457024.html.
Also, we wrote about “Nine Ways To Save More For Retirement” at http://www.financialconnections.com/wp/?p=119.
The Wealth Tip is this: It’s never too late to increase your savings. Doing this will improve your outlook for retirement and improve your peace of mind.
Brian Pon, EA, CFP®
Wealth Tips for the Emerging Affluent and the Middle Class