Do not let fear get in the way of making wise and prudent financial decisions that could have a positive impact on your future. Stay in touch with others who are supportive, caring and sensitive to your situation, and above all, don’t get overwhelmed. Close your eyes, take a deep breath, smile and remember: you control your own life.
Tighten your belt: stop spending and don’t live above your means.
Stash it away: put as much money as you can into your 401(k) and other retirement plans.
Hands off the house: stop yourself from tapping into your home equity for cash.
Cut the cord: stop helping your adult kids. Put money into your retirement fund first, and then the college fund.
Stay healthy: this generation of “after 50s” will most likely have to work many more years than we had expected, so we want to get and stay healthy.