Thanks for voting!So you turned 40 a few years ago. No big deal, right? Rumor has it that 40 is the new 20. Still, you’re probably starting to realize that retirement isn’t that far off. And the window of opportunity to get your financial life in order is closing – quickly. Don’t hyperventilate or pull out any new gray hairs. Personal finance writer Liz Pulliam Weston says your 40s are an ideal time to get on the right track toward a comfortable retirement.
How you define “comfortable” is entirely up to you, and we’re not talking recliners. It’s a huge undertaking to figure out how much you’ll need to maintain the lifestyle you choose. But we know you can do it. And we also think your 40s are the perfect crunch time. Chances are you’re making a few more dollars than you made in your 30s. See this as an opportunity to start saving more aggressively for retirement. Maybe contribute a little more to your 401(k) or maxing out your IRA. Call it “power saving.” Start by getting a better grip on planning a budget that makes sense for you, your family, and your retirement goals. This way, you should start seeing a flicker of light at the end of the tunnel. Don’t waste your time with thinking about all the coulda, shoulda woulda’s. You can’t turn back the clock (and if you can, we need to talk). Your 40s are the perfect position to come of age regarding retirement.
Tags: Planning, Retirement
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