Discussion in our previous post mentioned individuals age 55 and older and savings tips and strategy for that age group. The empty nesters in this age group have challenges to saving for retirement.
The urge to spend more after the children leave home is one of the challenges, Vacations, luxury items, renovating or redecorating the home are some of the ways money is used vs saving.
Should you splurge or invest more in the 401K or IRA? This is a very subjective question.
We have only One Life To Live!
Interesting article attached.
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