The No. 1 mistake people in their 50s make with their money, according to a CFP—and how to fix it [CNBC]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: CNBC
You might feel like your life, retirement savings and finances are set in stone at this age. But this mindset can be one of the biggest financial mistakes you make in your 50s, says Autumn Knutson, certified financial planner and founder of Styled Wealth. “In your 50s, you still have sufficient, if not ample, time to make the changes you want to make for the life you either want now or the life you want in your future and for your 60s and 70s,” she says. Here are three smart decisions to make with your money in your 50s, according to three certified financial planners. 1. Secure long-term care insurance As you inch closer to retirement, your 50s are a good time to consider long-term care insurance , says Andrew Fincher, a CFP and financial advisor at VLP Financial Advisors. Separate from health insurance and Medicare, long-term care insurance covers expenses that often arise in your later years, such as assisted living care and at-home care. Long-term care insurance can h
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News
- How to cut nursing home costs, according to experts [CBS News]CBS News
- Why You Might Be Responsible For Paying Your Parents' Medical Debts [Forbes]Forbes
- 5 surprising long-term care insurance benefits you should know [CBS News]CBS News
- The 5 ‘big money' mistakes retirees (almost) always regret in 2024 [Yahoo! Finance]Yahoo! Finance
- Genworth Financial, Inc. (NYSE: GNW) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
GNW
Sec Filings
- 4/26/24 - Form 13F-HR
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- GNW's page on the SEC website