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Will your child be better off than you are?
A recent article in Money Magazine provided some interesting statistics. A group of people was asked how they felt the economy would impact their lives. From questions about children to retirement and family life, the results were interesting to read.
53% of Americans aren’t sure their kids will be better off than they are.
How many of you have said or heard this before? It’s a noble thought to want those you love to have a more successful life than you lived. But half of those surveyed didn’t feel like their children would have it better than they did. [click to continue…]
It's NOT too late.
My friend Alex, at age 56, has made very little plans for his retirement. He also believes that he is too old to start. In a recent conversation with him, I learned:
- He has very little (if any) retirement investments and is not currently saving any appreciable amount.
- He will still be making house payments he is 71 years old.
- He has recently purchased a vehicle that he will be paying on for several years.
[click to continue…]
