7 Easy Ways Every Boomer Can Catch Up on Retirement Savings

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…Get Out of Debt

A key principle in saving money is making sure you don’t owe anything. According to Paul Tyler, CMO of Nassau Financial Group, that means paying off anything you owe as quickly and efficiently as possible.

“Take your first lesson from the Squid Game and get out of debt as quickly as you can,” Tyler said. “This includes all credit card debt, school loans, and even the mortgage on your home. The savings from interest payments can rapidly increase your retirement savings.”

If debt’s not a concern, Tyler still recommends that you “suck in your stomach and save a little bit extra” in the coming year….

Read the full article, here: https://www.gobankingrates.com/retirement/planning/boomers-retirement-savings/ 

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The discussion is not meant to provide any legal, tax, or investment advice with respect to the purchase of an insurance product. A comprehensive evaluation of a consumer’s needs and financial situation should always occur in order to help determine if an insurance product may be appropriate for each unique situation.

Ashley Saunders7 Easy Ways Every Boomer Can Catch Up on Retirement Savings

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