Are you in your fifties, now (A Baby Boomer)? Perhaps in your forties (A Gen-Xer)? Or a thirty-something (A Millennial)? Are you on track in your retirement savings? No? There is still time!
This posting in MarketWatch from the Wall Street Journal focuses on how the youngest of the Baby Boomers turn 50 this year and how they can get their retirement savings back on track. The article by Carolyn Greer also has some thoughts about Gen-Xers (in their 40s) and Millennials (in their 30s) and saving for their retirement, too:
http://online.wsj.com/news/articles/SB10001424052702304137304579292610918046266
The most important part of the whole cycle is to get started! Boomers have to catch up and Gen-xers and Millennials have to start saving to take advantage of compounding. This is going to take some planning and some pain to be able to comfortably retire when you want to.
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