Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be inaccurate.
These errors and suppositions are worth examining, as you do not want to succumb to them. See if you notice any of these behaviors or assumptions creeping into your financial life.
Beware of these financial blunders and assumptions.
- Do you think you need to invest with more risk?
- Are you only focusing on building wealth rather than protecting it?
- Have you made saving for retirement a secondary priority?
- Do you assume your peak earning years are straight ahead?
- Is your emergency fund now too small?