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Here’s an article from a CPA explaining the top five mistakes he sees by most baby boomers and how you can correct them.

Here’s #1:

1)     It’s Too Late to Start Planning.
Once you reach your 50s or 60s, many people think that the parade has
passed them by. But Half points to the power of compounding, boosted by
the tax-deferred growth offered by IRAs, 401(k) plans, and the like.
So, building up that nest egg may not be too late.

-Adam

Read the article for the rest:

Don’t Be Tripped Up (WebCPA)

(Sept. 29, 2006) - Alan Haft is the president of 5th Avenue Financial, a financial planning firm based in Boca Raton, Florida.

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