Reported about 13 hours ago
As retirement approaches, financial preparedness is crucial. George Kamel, a personal finance expert, offers four key tips to avoid financial disaster. He advises against relying solely on Social Security, highlighting that it may not cover living expenses. Saving adequately, even starting at age 50, can lead to significant retirement funds. Kamel also emphasizes the importance of diversifying investments across different mutual funds and warns against retiring too early, as it can hinder compound interest growth and financial security.
Source: YAHOO