TIGHTEN YOUR BELT Yes, it’s a bit obvious. But you have to start spending less. There’s really no option. The weather forecast doesn’t call for raining money.
SOCK IT AWAY Start making the maximum contribution to your 401(k) or other retirement plan. Invest conservatively. At this point, you can’t afford a big loss.
HANDS OFF THE HOUSE Quit tapping your home equity for cash. You’ll need that money to buy a smaller place when you’re old and gray.
CUT THE CORD Stop helping your kids. I know it makes you feel good to contribute to down payments or college costs. But will the kids pay your mortgage in 20 years? Tell them they’ll have to look out for themselves.
AN APPLE A DAY Get plenty of exercise and eat more vegetables. Starting now, you absolutely must take good care of yourself. How else will you stay healthy enough to work into your 70s?
