VIDEO from Prudential Financial, Inc. Available on thenewsmarket.com: Financial Fitness for the Ages
NEW YORK, Feb. 24, 2011 /PRNewswire/ -- See video from Prudential Financial, Inc. at:
No matter what stage of life you're in, it's never too early or too late to start managing your finances. What you want and need at every stage may change, but the need to keep your bottom line and dollar covered doesn't. In your 20's, you should start building great credit and start an emergency fund pronto. In your 30's, you need to juggle saving for your retirement as well as your kids' college education. Your 40's are your power years and you need to really focus on socking money away for retirement now. In your 50's, with retirement looming, it's vital that you reassess your retirement-investing strategy to adjust for your timeline. In your 60's, consider working longer or part-time to have extra cash coming in and make sure to sit with a financial advisor or planner, even if it's for one session, to examine what financial changes need to be made. It's important to tailor your financial decisions to your current lifecycle but there are smart money moves that everyone should be doing at any age.
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