I was recently published in an article in GOBanking Rates that discusses retirement planning after age 50, which was also picked up by Yahoo Finance and AOL. So, I wanted to share a portion of it with you here. Thanks again for your support and your business!
Retirement planning tends to follow a simple formula: save consistently, invest for growth and let time do the heavy lifting. But somewhere in your 50s, that formula needs to shift as retirement comes closer.
GOBankingRates spoke to retirement experts who explained strategies for the right portfolio balance after age 50, which shapes how comfortably you can live for decades after.
Why Your 50s Are A Key Decade For Retirement Planning
Your 50s mark a transition from abstract planning to real deadlines, or as Michael McSweeney, financial advisor at Ascend Wealth Partners, explained, preparing your portfolio at this stage is “when retirement stops being an idea and starts becoming a real deadline.”
Retirees have to look more closely at whether their savings are robust enough to support them later without depending on market upswings every year.
To read the full article, click here.
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