Saving for your retirement in your 50’s?
When should you start taking social security? When is it time to start saving for your retirement?
Carrie Schwab-Pomerantz, president of the Charles Schwab Foundation and member of the President’s Advisory Council on Financial Capability answers some money questions for fifty somethings. “The Charles Schwab Guide to Finances After Fifty” answers 50 of the most commonly asked questions about long term care insurance.
She begins by saying that you can still really make a huge difference in your savings if you start at a later age. Even in your later 50’s you would still have around 15-20 years more to save.
A lot[…]
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