3 Retirement Planning Tips for Parents Who Started Late

3 Retirement Planning Tips for Parents Who Started Late

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Let’s say you fall madly in love at 35, tie the knot at 40, and decide to start a family a few years later. This would’ve sounded odd to our parents’ generation, but for us it’s the new normal.

3 Retirement Planning Tips for Parents Who Started Late

Let’s say you fall madly in love at 35, tie the knot at 40, and decide to start a family a few years later. This would’ve sounded odd to our parents’ generation, but for us it’s the new normal.

We’re not following the same life path as generations before us have, and older moms are increasingly common. An analysis of the 2012 U.S. Census data revealed that the number of first-time mothers older than 35 is nine times higher than it was in the early 1970s.

But a life-changing event like introducing a new bundle of joy can catch you financially unprepared if you haven’t planned carefully. Fortunately, there are plenty of ways to keep planning for retirement, even while saving for your child’s future.

Read more at getold.com

 

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