If you prepare, you can keep your retirement hopes alive
In a recent column I talked about the positive reasons for postponing retirement. But to a lot of folks today, merely postponing retirement now seems like a pipe dream. As they’ve watched their net worth decline, some are convinced they’ll never be able to retire at all.
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Take a fresh look
To determine how close you are to your retirement goals, first tally your assets (what you own) and your liabilities (what you owe) to come up with a net worth statement.
Create a budget
Take a hard look at what you earn and what you spend. If you’ve let your budget lapse, bring it back into focus by following this simple formula:
→Divide your expenses into two categories, nondiscretionary (the must haves) and discretionary (the extras). Put debt reduction and savings at the top of your nondiscretionary expense list.
→Track your spending for 30 days, comparing your projected expenses with what you actually spend.
Get out of debt
Non-deductible consumer debt such as credit card balances can really hinder your ability to save.
Mom is 53 But Looks 25
53yr Old Mom publishes 1 simple wrinkle trick that has angered doctors.
www.ConsumerLifestyleMag.com
53yr Old Mom publishes 1 simple wrinkle trick that has angered doctors.
www.ConsumerLifestyleMag.com
Woman is 53 But Looks 24
Mom reveals simple wrinkle secret that has angered doctors...
ConsumerLifestyles.org
Mom reveals simple wrinkle secret that has angered doctors...
ConsumerLifestyles.org
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