mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We are encouraged to save by our employers and a mind-numbing volume of ads from the financial services industry.
In spite of that, few people in their 20s save. Ditto for their 30s. Those are the years of acquisition – or paying off student loans.
Most people start to save in their 40s and, if they are smart, really get into it in their 50s. Although that may seem too late to make a major change, it's a good time to work on a smooth transition from working.
http://www.dallasnews.com/sharedcon...s/2006/stories/080306dnbusburns2.3d5af91.html
It is my observation that if an individual has not established a pattern of regular saving/investing long before age 50, he will not suddenly become a regular investor at age 50 in order to achieve a "smooth transition".
In spite of that, few people in their 20s save. Ditto for their 30s. Those are the years of acquisition – or paying off student loans.
Most people start to save in their 40s and, if they are smart, really get into it in their 50s. Although that may seem too late to make a major change, it's a good time to work on a smooth transition from working.
http://www.dallasnews.com/sharedcon...s/2006/stories/080306dnbusburns2.3d5af91.html
It is my observation that if an individual has not established a pattern of regular saving/investing long before age 50, he will not suddenly become a regular investor at age 50 in order to achieve a "smooth transition".