PART
5

Safeguarding Your Future

None of us can know what the future holds, but the more you can do now to prepare for it financially, the better. It’s no secret that most Americans nearing retirement age don’t have enough money saved, which means many of us will be working a lot longer, or we’ll have to learn how to live on a lot less.

This part is designed to help you prepare for your financial future as much as you can. This may mean you’ll have to lower your expectations about the lifestyle you’ll be able to afford. Financial advisors recommend you take inventory by writing down your goals and objectives. We’ll provide a number of financial planning tips to help you navigate the last chapters of your life. We’ll show you how to create a budget, cut expenses, and make suggestions for paying down credit card debt. We’ll also recommend what to look for in a financial advisor.

Finally, we’ll discuss the future of Social Security and how we can all work together to keep this vital program alive and thriving for generations to come.