Wednesday, March 1, 2017
I've noticed a fair number of articles recently on the topic of planning for retirement, including this recent one from the New York Times. What to Do Now to Retire Better looks at actions you should based on your age group, starting when one is in her 20s. For example, for folks in their 40s the article suggests working with a financial advisor, portfolio rebalancing, establishing a self-employed plan such as a SEP IRA and using a retirement calculator to make sure you are on the right track. The advice for those in their 50s is more extensive, including planning for what happens after retirement, checking out Social Security, reducing debt, investigating downsizing and more.
Since financial literacy is so important, this article would be good to assign to students to get them thinking about their own futures and planning for their retirements.