There was recently a US News and World Report article with the title above. When asked, most people would respond that the biggest obstacle is not having enough money to live comfortably. While true, that is just the tip of the iceberg. The real problem is not enough savings and too much debt, especially non-mortgage debt (cars, boats, credit cards, student loans, etc.).
What can you do about that?
1STOP BORROWING – when in a hole, first thing you do is stop digging
3SCALE DOWN YOUR BUDGET
4PLAN FOR THE UNEXPECTED – Emergency Fund
5PLAN FOR THE EXPECTED – Save for big purchases
David Tomlin and I can give you tips along these lines, whether you are just starting your career or considering collecting that social security you have been paying in.
And remember, we manage IRA rollover funds from your 401K or 403b plans.
Click here to read the full article from US News and World Report.