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Tips if You’re Just Getting Started
Are you 50 and just now starting to save for retirement? Worried that your retirement may not be exactly like you planned? You’re not alone. According to a study from Gallup, retirement is America’s top financial concern. More than 50 percent of Americans are worried that they will lack money for retirement.1
There may be good reason for concern. A study from the Economic Policy Institute found that the median retirement savings for American working families is just $5,000. Among those between ages 50 and 55, the median savings is $8,000.2 So while you may feel anxiety about your retirement planning, you’re not the only one in this position.
It’s that time of year again. Time to hit the stores for back-to-school deals. If you have kids in school, you probably have a long list of colored pencils, notebooks, markers and other supplies. Perhaps you need to get your kids shoes, a new backpack and even new wardrobe. And you can’t forget the back-to-school haircut.
This is the season when we make sure our kids our prepared for the upcoming school year. However, it’s always a good time to make sure you and your kids are prepared for financial challenges that could arise. Life can be unpredictable. The best way to minimize risk is to prepare for possible emergencies, no matter how small the probability.