Summary
The article outlines practical budgeting strategies for people in their 40s and 50s as retirement nears. It urges readers to boost retirement savings, eliminate high-interest debt, and cut unnecessary spending. In your 40s, prioritise life insurance, accelerate college savings, and diversify income streams. By your 50s, tighten spending, maximise retirement contributions, review your full financial plan, and consider downsizing to free up cash. The piece also highlights planning for healthcare and long-term costs and suggests tracking essential versus discretionary expenses to maintain financial control. These steps aim to strengthen financial security and prepare for a comfortable retirement.
Her Money
Read the Full Article
The dedicated team at Newsletter Station has provided this summary for your convenience.
Harness the potential of email marketing with Newsletter Station. Reach your target audience, drive conversions, and achieve your business goals.
|
|
|
