Our daily roundup of retirement news your clients may be thinking about.
Clients can build retirement fund by changing car-owning habits Instead of spending considerably on expensive cars, clients should instead invest the money in a retirement savings account, where it can grow and help them secure a comfortable retirement, according to this article on U.S. News & World Report. If clients don't need an expensive car for a “reason that pays” – such as taking customers shopping for luxury homes, perhaps -- owning one expensive car after another can be a “retirement killer,” according to this article. Replacing each car for style, fear of maintenance costs, or just to keep up with the Joneses is a major mistake. "Kicking the habit of purchasing expensive cars early in life can not only save extra money per month, but may also allow someone to retire earlier," says a retirement expert.
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