Top 3 Retirement Savings Tips For 55- to 64-Year-Olds [MSN Money]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: MSN Money
© John Smith Top 3 Retirement Savings Tips For 55- to 64-Year-Olds Saving for retirement is a function that is often put on hold by those who feel they have sufficient time to start planning and saving later. While it is never too soon to start saving for retirement for any age group, those who fall within the age range of 55-64 are more acutely aware of its importance, as retirement is imminent. As such, age 55 to 64 is a critical period to get a realistic assessment of how financially prepared you are for retirement. Tutorial: Retirement Planning 1. Assess Whether You're Financially Ready for Retirement Assessing your financial readiness will help you to determine whether you have a projected shortfall and whether you need to modify your retirement strategies, goals and objectives. To do so, you will need to gather a few things, which include the balances of all of your accounts, your income tax rate, the average rate of return on your savings and inform
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