Ages & Stages - In Your 40s

Whether you’re just getting started or looking to stay on track with your retirement planning, your 40s are an important time to focus on key things you can do to stay on course.
Just Getting Started
Just Getting Started
Now that you’re earning more money than in your 30s, consider taking full advantage of a 401(k) or 403(b) retirement savings plan at work, if you have one. You should also be sure your kids and husband or partner are named as beneficiaries for your retirement accounts.
 
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Staying on Track
Staying on Track
When you’re in your 40s and have already started planning for retirement, be sure you remain on course. Keep your debt down so you’ll have more money to save. Also, be sure you have a suitable investment mix in your tax-advantaged retirement savings plans.
 
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Five Retirement Mistakes You’ll Want to Avoid
Five Retirement Mistakes You’ll Want to Avoid
Consider longevity, as well as rising inflation and taxes, when making your retirement plan. You also want to take full advantage of retirement saving plans and not put too much money in your company’s stock or borrow from your 401(k).
 
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Why Women Need to Save More Than Men
Why Women Need to Save More Than Men
Women earn 77 cents on the dollar compared with men, and they’re less likely to be covered by company retirement and pension plans. Combine that with the fact that women tend to live longer, and it’s clear why they need to save conscientiously for retirement. Here’s how to jump-start your retirement planning.