Retirement Living

What 50-Year-Olds Should Have Already Done to Prep for Retirement

Rodney Brooks
October 18, 2018

Financial planners frequently tell stories of clients who visit seeking advice only weeks or months before their planned retirement. Some people have already submitted their retirement papers when they first meet with a financial professional.

That's way too late. Some people in their 50s and 60s have neither the savings nor the income to retire. They will need to continue working or drastically reduce expectations about their retirement lifestyle. You don't want to learn these cold, hard facts just weeks before your planned retirement.

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"Rodney A. Brooks's “Fixing the Racial Wealth Gap” is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist. Fixing the Wealth Gap is revealing, humorous, instructive and sobering." - Dr. George C. Fraser