Saving for Retirement in Your 40s
Happy mid life - perhaps crisis? Yes, you're pretty much half way there. If you haven't been paying attention to your wealth and finances until now, you have some catch up to do. The power of wealth creation is through compounding wealth over many years (or luck, and you may be one of those lucky individuals sitting on a pile of wealth by chance). If you have been wealth savvy through your twenties and thirties, then you may be ready to step your wealth creation up a notch.
There are a few things that you may have on your mind -
- paying down a mortgage
- boosting your income and savings
- a change in your career
- saving for retirement
- tax planning
- paying down car loans
- buying or leasing a new car
- starting a home business
- buying a second home or cottage
- buying a boat or R.V.
- your kids tuition
Taking control of these items in your 40s, improves your chances of steering your worth through until your retirement.
Authored by Julian Houlding