AARP: “10 Retirement Planning Mistakes People Make at 50”

AARP, May 11, 2021 “Take inventory of your assets and your strategy, or you could regret it later,” writes Patrica Amend in today’s issue of AARP.

“Reaching age 50 is a milestone that most of us celebrate,” she writes. “Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne but otherwise feel the same as before. Wake up! This is the time to reassess and make sure that your financial plan is in order. If you push it off until later, you may make serious mistakes that will jeopardize your future financial security.”

When it comes to taking on college debt, Patricia turned to Marguerita Cheng, CFP®, for advice. 

Marguerita Cheng, mother of three and a CFP at Blue Ocean Global Wealth in Gaithersburg, Maryland, shares: “Some parents are afraid to have the conversation with their student and school about the right financial fit. But you don’t want to compromise your own financial security.”

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