MONEY MISTAKES to avoid AT 50+
For many of us, our 50s are our highest-earning decade. And if you’re planning to retire in your 60s, the joy of not having to work any more is so close you can taste it. But that also means it’s no time to start making mistakes with your money. ‘Some of these mistakes aren’t exclusively reserved for those who’ve hit the big five-oh. If you haven’t put these things in place yet, now’s the time,’ says Anthea Gardner, founder and managing partner of Cartesian Capital, a South African asset management business, and author of Make Your Money Work for You. Simon Brown, founder of Just One Lap and co-host of The Fat Wallet Show personal finance podcast, agrees. ‘If you’ve been neglecting your money until now, there isn’t time to waste.’
