Sticking with Financial Plan, Seek Advice

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retirement plans

Yahoo Finance

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Business

Business & Economics

Smart retirement moves to make in your 40s and 50s

Summary

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81% Informative

Chris Littlefield , the president of retirement and income solutions at Principal Financial Group , has some advice for retirement savers.

If you don't have a plan, get professional advice about how to address the needs that they will have in retirement, he said.

Littlefield also recommends maximizing every opportunity to save on a tax-free basis and make catch-up contributions.

Many in their 40s and 50s have competing demands on their money, such as paying down debt, saving for a house or children’s education, and saving for retirement.

Littlefield : 401(k) is a great way to save on a tax-deferred basis.

A significant portion of workers aren't participating in their retirement plans at all.

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informal

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English

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