Even if you have never, ever kept track of your money, you need to start a budget in midlife if you have any hopes of realizing the retirement you have dreamed of your entire life. And honestly, it doesn't have to be complicated or mega restricting. All you have to do is prepare for and make adjustments BEFORE you work your last day. It is not too late. And I promise you, it is not as painful as it sounds.
Retirement has changed. A lot. Today it is more about transitions, rather than endings; more of a journey rather than a milestone. Pensions and other traditional safety nets are mostly a thing of the past. As women, we have to rethink the way that we look at retirement and create our own financial, social and physical security. We need to think about how we are going to balance work with life, passions with commitments and the needs of others with our own... Read More
Will My Pension Reduce My Social Security Survivors Benefit?
Actually, thats the title of a book by Barbara Sher: Its Only Too Late If You Dont Start Now: How To Create Your Second Life At Any Age. Sher is a genius at getting people off the dime, out of their fear freezes and into new lives that fit.