Getting older is pretty incredible. And that’s not just our opinion — lately, on the HerMoney podcast), we’ve been talking to some amazing women who have shown us that getting old is actually a life-affirming experience.
We recently chatted with Tamsen Fadal )on reinventing your career in your 50s. There was also Gwen Bounds), who took up Spartan Racing at age 47, and Bonnie Hammer )who started a family in her 40’s. These women have shown us that there’s no timeline for accomplishing all of your dreams.
Michelle Singletary), personal finance columnist at the Washington Post, joins us to share some of the goals we should be meeting — or striving to meet — in every decade of our lives.
CHAPTERS:
**00:00 **Jean’s Reflections on Turning 60
06:00 Financial Milestones for Your 30s
09:00 Financial Milestones for Your 40s
**11:00 **Financial Milestones for Your 50s
17:00 Financial Milestones for Your 60s and Beyond
32:00 Mailbag Question 1: What are the pros and cons of taking out a reverse mortgage?
38:00 Mailbag Question 2: I received a large settlement as part of my divorce. How should I invest it?
TAKEAWAYS:
Developing a healthy hatred for debt is crucial for financial success.
Investing early and often is key to building wealth.
Health should be prioritized to avoid future financial burdens.
Creating a spending plan can help manage financial anxiety in retirement.
Planning for retirement should involve sitting down with your partner and aligning on goals.
Traveling and enjoying life should be part of retirement planning.
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The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit* PlanEFE.com/HerMoney*).
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