Now that we’re all pulling together paperwork and putting together our taxes, it’s the perfect time of year to make a few small changes, to make big gains.
To get your finances in noticeably better shape, for 2020 and beyond, an investment advisor may be a very good idea, and well worth a fee. The money could come back to you, big time. Charles Farrell is such an expert, who can help you save here, and not spend there. Farrell has a couple more worthwhile suggestions. But the first one is, get an advisor. You wouldn’t necessarily do your own major plumbing – you would hire a plumber, for something really important. And your money is.
Next: Farrell says, saving for retirement is a lot different now than it was before. It used to be that people died within a few years of retirement; and the rest got by on pensions and social security. These days, most of us will have to rely on our own savings during our golden years. As life expectancy rises, Farrell says we need to figure out how to live off of our investments for 20 to 30 years. Here’s how: