Reported about 10 hours ago
Mid-career professionals often find themselves behind in retirement savings due to competing financial priorities, but it's crucial to take proactive steps. In a recent podcast, investment strategist Stephanie Guild emphasized the importance of maximizing contributions to retirement accounts like 401(k)s and IRAs, and diversifying savings across taxable investment accounts. Individuals are encouraged to define their financial priorities and maintain a consistent saving strategy. As retirement approaches, assessing expected expenses and personal financial responsibility becomes increasingly vital, especially in light of potential future challenges with Social Security.
Source: YAHOO