While business may be good, retiring into the golden age is often the main goal. Passion does not always translate into financial security in your 80’s.
A recent article from CNBC has brought up the topic of retirement, with emphasis on the fact that most retirement age individuals are not ready. As a matter of fact, many over the age of 64 also have less than $60,000 set aside in their 401k!
It is never too early to plan ahead. Building your financial future is just as important as growing your business. Starting a retirement plan now can help you get on track before it is too late. Seek help from a financial advisor or do your own research. Either way, getting started now can save you a lot of trouble in the long run.
How are the legs on your retirement stool (private savings, pension, and social security) looking?