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Retirement through the Ages

Sara Glaz

Should you start saving money for retirement when you land your first job? What if you’re far behind in saving, but your golden years are no longer decades away? Everything you need to know about saving for retirement but didn’t know who to ask.

Wednesday, May 21, 2014

Once upon a time people would work until 65 and then retire. While they traveled and spent their days playing with the grandkids, Social Security and pension checks kept them financially afloat. Unfortunately, this scenario is no longer so obtainable. According to a survey by the AARP, 40 percent of baby boomers see themselves needing to work until they die. But while some people see working as the key to their vitality, others cringe at the thought of being forced to hold down a nine-to-five job in their 70s and 80s. What do they have to do to retire worry-free? If you’re in your 20s or 30s, you’re in luck — you have lots of time to wisely plan for a financially stable retirement. But even in your 40s or 50s, financially savvy decisions (including changing directions) can enable a comfortable financial life once you’ve stop working.

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