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Tips for people behind in retirement savings
Financial planners often tell stories about 50-somethings who come to them for help and have saved little or nothing for their retirement. There are millions of people like that out there. “It’s really common for people to never plan for retirement,” says Nancy Coutu, financial planner with Money Managers Financial Group in Oak Brook, Ill. “They are so busy planning their everyday lives — first they go to college, get a job, then they get married, have kids and buy a house. All of a sudden they are 50-something and it’s like, ‘holy cow.'” Read more…