If you are close to retirement age but don't think you've saved enough money, you might be in better shape than you realize. Additionally, there are ways to save more as you approach retirement. You are probably in your peak earning years, meaning you have more money than ever to put away for your future. On today's episode, Mike is going to discuss some opportunities for late bloomers approaching retirement. In what ways can you save more? Where in your budget can you move money around?
Get additional financial information: https://principalpreservationservices.com/episode-82-opportunities-for-retirements-late-bloomers/
What we discuss:
1:17 – Happy Thanksgiving!
2:21 – Catch up contributions
4:40 – Kids no longer on your budget
8:09 – Disappearing debt
10:55 – Downsizing the house
13:13 – Working into retirement
15:44 – Mailbag: Pension lump-sum or monthly payments?
17:20 – Mailbag: Should I have more than one advisor?
20:09 – Mailbag: Do I really need a budget for retirement?
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