Those mid-life years can be crazy. Between growing your career, raising a family, dealing with aging parents, paying off debt and saving for college, all while trying to just enjoy life while you’re still young, it can seem like you’ll never be able to retire. But trust me. Eventually, you’ll want to. Here are the five biggest mistakes I see people making in their 40’s that will limit their options in their 60’s and how to avoid them.
1. Buying the biggest house they can afford before maxing out retirement. I remember the excitement of getting my own apartment in my 20’s and making trade-offs so I could afford to live in a cool downtown loft, even though it was a big financial stretch for me. It’s easy to get into that mindset and adopt it as a lifestyle, but it’s important that it doesn’t become your long-term modus operandi. Eventually your housing expenses should feel very manageable and allow you financial wiggle room to work on other goals like retirement, college savings or even paying off your own student loans. Read Entire Article: https://www.forbes.com/sites/financialfinesse/2017/04/19/the-5-biggest-financial-mistakes-people-make-in-their-40s/?ss=personalfinance#82edffda530c Comments are closed.
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AuthorJoshua Nahas Archives
May 2017
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