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If you are between 40 & 60, beware of these financial blunders & assumptions.
Provided by Jeremy David, CFP®
Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be inaccurate.
Being a saver and a budgeter doesn’t mean you have to live like a miser, but it’s important to know how much you can spend each month without tapping into your savings and investments. And with people living longer, it’s crucial to make your retirement funds stretch as far and as long as possible. Learning to budget during your income-earning years can make this much easier.