Monday, September 29, 2014

Retired Teacher With Money Regrets

Are you retired from a profession you put decades into and living with income anxiety?  Do you wonder if you will have enough money in retirement to see you through the rest of your life?

You are not alone.  There are many baby boomers out there wondering the same exact thing.

Why does Common Core Money: Financial Literacy for Educators and Other Professionals blog exist?

It exists out of concern for many of my professional peers out there, who are not taking the appropriate steps to ensure a comfortable, worry free retirement.  Just out today in the Los Angeles Times was an excellent article about a retired teacher, wishing she had made better decisions during her teaching days.  It is a sad, but enlightening testimonial about the power of money management skills, and of investing for the future.  Here is the link:  LA Times article.

I will tell you that it is not so much how much money you can sock away (invest with), though the more the better obviously, but rather how soon you start and take advantage of compounding interest.  Have you read my post on what "compounding" is when it comes to building wealth?  If not, click here:  What is Compounding.

If you are retired and are enjoying your retirement, what everyday advice can you give us to help us along the way?  

If you are retired and worried about your income stream lasting, what can you tell us to help us avoid a similar future?

Don't be shy, please post a comment below.

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