Many people in their 40s are facing an uncomfortable fact: They simply aren�t where they�d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes. �There�s a different trigger moment for everybody,� says Jay Howard, financial advisor and partner at MHD Financial in San Antonio, Texas. �But regardless of when it comes, people find themselves looking down the barrel of a gun as they consider retirement.� One challenge is that it�s impossible to advise 40-somethings based on tidy �life stage� demographics. Some are just starting families, while others are sending offspring to college. They�re married, single, divorced, and just about everything in between. But for those still grappling with financial instability, these four principles can help in moving forward with confidence: 1. Acknowledge what you�ve done right. It could be one great decision sandwiched in between some fails, or just a single good habit that can mitigate the impact of a...
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