Schwab MoneyWise ®

Start planning now. (1 min)

A well-thought-out plan is the best way to help achieve your goals. Carrie Schwab-Pomerantz, CFP® and senior vice president at Charles Schwab & Co., Inc., shares tips for planning after 50.

Have you started making plans for life beyond 50? The years after a 9-to-5 job represent an opportunity. After turning 50, I started thinking about the long list of things that I want to do, and how to have the most impact. The reality is that we are so busy with day-to-day, that we often don’t take time for self-reflection. But we all know that a well-thought-out plan is the best way to help achieve a goal. All of us should start by asking ourselves some defining questions. “What do you want your retirement to look like?” “Do you want to continue to work on a part-time basis?” “Do you have a long-held passion you want to follow?” Your answers will help you figure out how much money you will need to save for retirement, and that is an important step toward setting realistic goals.


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