Finance for the Fifty and over

Articles on Finance for the fifty and over

Getting Rich After 50 Isn’t Nearly As Hard As It Sounds — Seriously
Everyone dreams of getting rich and if you’re in your 50s or older and getting by in your career and don’t have a lot saved for retirement, becoming a millionaire over the next five years doesn’t have to be a fantasy. All it takes is a change of mindset about money and an undying self-belief, so says Steve Siebold, author of the book How Rich People Think.  “It’s easier to get rich at 50, even 60 or 70 than it is to get rich at 30. I don’t think there’s any question of that in my mind. Older people have the life experience that a kid just doesn’t have. Maybe [younger people] know more about technology, but we lived longer and know the ups and downs of life. In creating a fortune or financial independence, there’s going to be ups and downs. Older people have a great, great advantage. We have an advantage to get wealthier way faster. And it’s so ripe for the taking.”  Read the article here.

Money in Your 50s and 60s: 12 financial nightmares for baby boomers
Sinking home equity, rising health care costs and low returns on most investments have left boomers near retirement confronting a pile of financial worries instead of happy visions of golf, grandchildren and travel. This article explores some potential financial disasters facing this generation — and tips on how to avoid them. Read the article here.

Are You Making this Retirement Mistake?
Many retirement savers are incorrectly using a popular 401(k) investment option — and are losing out on thousands of dollars in potential returns, according to a new study.  Continue reading…

Do Boomers Need to Continue Working?
For many boomers, gone are the days of retirement dreams and year-long traveling notions. Many boomers are finding that the long-awaited lifestyle of leisure is no longer a reality for them. Continue reading…

Boomer Finances
Finances for Boomers are in Google Alerts every day.  It seems there is a lot to think about given the fact that 77 million Boomers will retire in the next 20 years. That’s about 10,000 retirees per day.  Wow! Continue reading…

Boomers and Seniors Find Income Satisfaction in Becoming Entrepreneurs
Boomers and Seniors, you knew you were a valuable asset to our nation, but did you know your entrepreneurship is adding an important dimension to your well being and to the economy of the U.S.? Continue reading…

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