If you’re in your 50’s or 60’s and feel like you’re behind on saving for your retirement, don’t feel too discouraged. Joe and Al give you some last-minute tips to follow so you can still have the retirement you worked so hard for.
Important Points:
0:07 “If you don’t have anything saved you better start to get serious and start cutting your spending because you want to maximize your 401(k) which if you have one is $2,000 per month so that’s $24,000 for the year”
0:22 “It’s common for your employer to match about 4% and then if you’re thinking of retiring at age 62 or 65 how about pushing it out to age 67 if not 70”
0:48 “If you can save $500,000 you’re well ahead of most everybody else”
0:56 “If you’re in your 50’s or 60’s you’ve got plenty of time”
1:03 “If you’re in your 60’s you’re probably in your peak earning years”
