The Money Mustache Community
General Discussion => Welcome and General Discussion => Topic started by: jjquantz on January 14, 2014, 11:19:15 AM
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Clicked on a link at Fidelity: https://www.fidelity.com/insights/retirement/5-money-strategies-for-boomers
Basically, 5 things they think you should consider when you turn 50.
It is mostly your standard mainstream advice, but the following quote might sound familiar to many of us:
"Consider this: The more you save now, the less you're spending now. Not only does that improve your account balance, it also helps the spending side of your retirement plan. Come retirement, you'll need less to live on."
Small steps...
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Yes... but they are selling you the 'product' of the funds, so obviously they want you to buy them...
They probably don't say 'buy the lowest cost, broadest index trackers you can' :)
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Yes... but they are selling you the 'product' of the funds, so obviously they want you to buy them...
They probably don't say 'buy the lowest cost, broadest index trackers you can' :)
True, but at least the reduction in spending is portrayed as having some positive benefit. These sites almost always portray spending cuts as unfortunate reactions to NOT SAVING ENOUGH FOR RETIREMENT. This at least nods at an alternative way to have enough in retirement.
As I said, small steps.