"Money mistakes are a common learning experience from which we can all grow, but when you are already in your retirement phase, the results can be a little more catastrophic. It’s much easier to recover from mistakes when you are younger but retirees are depending on that nest egg and their ability to replenish savings is greatly diminished..."
"This simple piece of advice is repeated so often because it works. Experts agree that inertia is one of the biggest hurdles to wealth creation; as human beings who are prone to procrastination, it’s easy to say, “oh, I’ll save tomorrow,” and just… never get around to it..."
"Baby boomers, the unusually large generation born between 1946 and 1964, are entering their retirement years and reinventing what it means to be retired. A recent Urban Institute data project examined how retirement is changing in America. Here's how retirement for the baby boomers will be different from the generation that came before them..."
Terrific story stresses the importance of diversifying your financial strategies.