If you’re in your 50’s, here are some tips for retirement planning
While there’s no question that starting to plan for retirement as young as possible is ideal, the reality is that those earlier years are filled with a myriad of financial responsibilities which make saving for retirement a huge challenge. That’s why for many people, reaching their 50’s seems to be a wake-up call that it’s time to get serious about retirement planning. The kids are grown, your expenses are less and your income has probably peaked at this point in your career, so now is truly the ideal time to catch up on maximizing your retirement savings, properly planning for when to take Social Security and evaluating how to best use your savings to fund your golden years. This Motley Fool article appearing at FOX Business News explains.