LAST of 7 common mistakes people over 50 make: (by Barbara Hannah Grufferman) 7. Not Having a Financial Plan - Jane Bryant Quinn, AARP’s financial columnist, gives good advice for people approaching 50: as we’re heading toward retirement — which probably won’t happen until we’re closer to 70 due to many converging factors. We have to ask ourselves how we’re going to afford to live. One of the most stressful things any of us can go through is financial uncertainty. We must simply save more, and spend less. Just good common sense. Jane also urges us to study and understand the different kinds of insurance we need as we get older. You may want to consider hiring a fee-only financial planner to help you get started.
Posted on: Tue, 06 Aug 2013 13:23:34 +0000