Thursday , April 18 2019
Home / Money / Investments / Retirement: Financial Expert Says It’s Never Too Late To Get It Right
Retirement-planning-sailing

Retirement: Financial Expert Says It’s Never Too Late To Get It Right

When it comes to retirement, Chris Hogan says financial sacrifices must be made to make it last.

A protégé of financial author Dave Ramsey tells older Americans it’s never too late to prepare for retirement and that cutting back on spending and debt is just as important as how you invest. Chris Hogan, a member of Ramsey’s team that speaks across the country, preaches Ramsay’s message of the importance of cutting expenses and debt, especially for those nearing retirement.

Retirement is not an age,” Hogan says. “It’s a financial number. It’s a matter of what is your retirement going to look like for you. You can begin with your own situation and budget. Instead of spending $500 a month eating out, we can cut that back, and I can only eat out $100 worth. That’s $400 that’s not leaving me. Instead of it going to eat out, it can now go towards my retirement. If I can do that each month now by putting a leash on my money, I can be better off than I would have been by December of this year.”

Hogan encourages people who have debt on a vehicle or boat to sell it and take that money and invest it. Preparing for retirement is a willingness to make sacrifices, he says.

I think regardless if people are in their 60s or 70s, debt is still going to be debt,” Hogan says. “Interest that you pay is a penalty and interest that you earn is a reward. You would be giving yourself a raise by paying off debt. Whether it’s eating out and groceries and putting some limits on that instead of doing what comes naturally, money that doesn’t leave you stays with you. Money that you can invest can grow for you.

As for what mistakes do older Americans make when it comes to investments, Hogan says they don’t know what they’re going to do or accomplish and if they do, they’re trying to swing for a homerun every time. When people do that, they open themselves up to taking unnecessary risks, he says.

As it gets closer, people start to feel pressure and when you feel that pressure, you’re trying to hurry up and do some things to make up for lost ground,” Hogan says. “I would tell people if you look at Dave Ramsey’s core message of getting out of debt and saving so you can build wealth, that’s the core tenant I would come back to. If someone wants to do something quickly, I would tell them to eliminate debt quickly. That’s something you can focus on and when you don’t have that debt attached to that item anymore, you can begin to do some things longer range with your investments.”

Hogan says one key mistake people make is going it alone and not sitting down with an investment adviser that has the heart of a teacher in that they’re trying to help you. Blindly picking stocks, listening to your neighbor or listening to a cousin or doing something because someone else is doing without truly understanding the risk versus the reward is a desperate move to make up for lost ground and creates unnecessary risks, he says.

The best way to remedy mistakes in the past is to have a plan for reducing debt, saving money and investing, Hogan says.

It’s important to follow that plan step-by-step like you would a road map leading you to a destination. It’s important to do regular check ups on that plan and if you’re married, make sure your spouse is involved, Hogan says. No plan is set in concrete, he adds.

Always make adjustments as necessary,” Hogan says. “What worked for you when you’re 30 won’t work for you when you’re 40 or 50. We can’t have a sit-it and forget-it mentality. We got to have this plan we’re connected to and we’re making changes as we’re being guided by that professional.”

Hogan, 42, says he knows what he would do if he had another crack at his 20s. He says he would avoid debt, save, take advantage of a 401(k), create an emergency fund and he would delay gratification by holding back on spending.

I would also definitely look at my talent as an asset. Everybody has natural talents and gifts and begin to look at that and figure out what are the ways I can be paid by doing thing that comes naturally to me and something I enjoy,” Hogan says.

Hogan says grandparents have an opportunity to have a profound impact on their kids as well as their grandkids and encourages older Americans to talk to them about finances. These are the people that have wisdom from both their successes and failures, he says. But that doesn’t mean they have no wisdom left for themselves, he says.

I think the biggest thing I would encourage people to do is start dreaming and start planning,” Hogan says. “It’s never too late to start. I say that regret wants you to look back and feel bad, but hope wants you to look forward and be excited about what could come. I tell people all the time to glance back, but look forward. I want people to start to plan and dream, but take those actions that show you’re serious about achieving what you want to achieve. It’s possible to control your destiny, but we have to make small steps but one step forward is still called progress. I want people on a daily basis to make steps moving forward and making progress. You’re not where you want to be, but you can get where you want to go by sacrificing and staying focused on your goal.”

Check Also

Reverse Mortgage pros

5 Upsides To An HECM Reverse Mortgage

As you near your golden years, the last thing that you want to have to ...

113 comments

  1. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the captial of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

    Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God. They deny Jesus as their Messiah, and the Bible tells us this Jewish Messiah will be the counterfiet that will bring about a false peace, and ultimatley the great tribulation.

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him. On the back of the coin is an image of the third Temple.

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. This Mark couldn’t be spiritual because the word references two different physical locations. If it was spiritual it would just say in the forehead. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    People have been saying the end is coming for many years, but we needed two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.

    Visit http://WWW.BIBLEFREEDOM.COM to see proof for these things and much more!

    If you haven’t already, it is time to seek God with all your heart. Jesus loves you more than you could imagine. He wants to have a relationship with you and redeem you from your sins. Turn to Him and repent while there is still hope! God bless!

  2. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the captial of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

    Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God. They deny Jesus as their Messiah, and the Bible tells us this Jewish Messiah will be the counterfiet that will bring about a false peace, and ultimatley the great tribulation.

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him. On the back of the coin is an image of the third Temple.

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. This Mark couldn’t be spiritual because the word references two different physical locations. If it was spiritual it would just say in the forehead. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    People have been saying the end is coming for many years, but we needed two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.

    Visit http://WWW.BIBLEFREEDOM.COM to see proof for these things and much more!

    If you haven’t already, it is time to seek God with all your heart. Jesus loves you more than you could imagine. He wants to have a relationship with you and redeem you from your sins. Turn to Him and repent while there is still hope! God bless!

  3. You should take part in a contest for one of the greatest sites on the internet. I’m going to recommend this blog!

  4. I could not refrain from commenting. Perfectly written!

  5. Thanks for ones marvelous posting! I seriously enjoyed reading it, you will be a great author.I will make sure to bookmark your blog and may come back later in life. I want to encourage you to ultimately continue your great writing, have a nice evening!

  6. Respect to website author , some wonderful entropy.

  7. stays on topic and states valid points. Thank you.

  8. I like this article, useful stuff on here : D.

  9. Great writing to Read, glad that duckduck brought me here, Keep Up nice job

  10. I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

  11. I conceive this web site holds some real superb information for everyone : D.

  12. Appreciate it for this howling post, I am glad I observed this internet site on yahoo.

  13. Respect to website author , some wonderful entropy.

  14. Good, this is what I was browsing for in google

  15. Good Morning, google lead me here, keep up good work.

  16. What i don’t understood is if truth be told how you’re no longer really much more smartly-preferred than you might be right now. You’re so intelligent. You already know thus considerably in relation to this matter, made me personally believe it from numerous varied angles. Its like men and women aren’t involved until it is something to accomplish with Lady gaga! Your own stuffs outstanding. All the time deal with it up!

  17. Article writing is also a excitement, if you know after that you can write or else it is complicated to write.

  18. Hi there very nice website!! Guy .. Excellent .. Wonderful .. I will bookmark your blog and take the feeds also…I am happy to find so many useful info here in the put up, we want work out more strategies in this regard, thank you for sharing. . . . . .

  19. I truly enjoy looking through on this web site , it holds superb content .

  20. I must say got into this post. I found it to be interesting and loaded with unique points of interest.

  21. You actually make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I will try to get the hang of it!

  22. hello there and thank you to your info – I have definitely picked up something new from proper here. I did however experience some technical issues the usage of this website, as I skilled to reload the web site a lot of occasions previous to I could get it to load properly. I were pondering if your web host is OK? Now not that I’m complaining, however sluggish loading instances occasions will often have an effect on your placement in google and can damage your high-quality score if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I’m adding this RSS to my email and can look out for a lot more of your respective intriguing content. Make sure you update this again very soon..

  23. I work with computers robaxin high “The amount of wastewater is so small compared to the amountof water passing through there, and compared to the chemicalsused in farming,” said Robert Watson, a professor of petroleumand natural gas engineering at Pennsylvania State University.

  24. Hey! I know this is kinda off topic nevertheless I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My blog goes over a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you are interested feel free to shoot me an e-mail. I look forward to hearing from you! Fantastic blog by the way!

  25. I was looking at some of your articles on this site and I believe this internet site is really instructive! Keep on posting .

  26. I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Outstanding work!

  27. I like what you guys are up too. Such intelligent work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my web site 🙂

  28. I have interest in this, danke.

  29. very good submit, i actually love this website, keep on it

  30. I truly enjoy looking through on this web site , it holds superb content .

  31. Generally I do not learn article on blogs, but Iwould like to say that this write-up very compelled me to try and do so!Your writing style has been surprised me. Thanks, quitenice article.

  32. Throughout the awesome design of things you get a B+ for effort and hard work. Where you actually confused us ended up being in the specifics. You know, they say, details make or break the argument.. And it could not be much more correct here. Having said that, allow me inform you just what exactly did do the job. Your text is definitely pretty powerful which is most likely the reason why I am making an effort in order to comment. I do not make it a regular habit of doing that. 2nd, while I can certainly see the jumps in reason you make, I am not certain of exactly how you seem to unite your details which in turn produce your conclusion. For right now I will yield to your issue however trust in the foreseeable future you actually link the dots much better.

  33. stays on topic and states valid points. Thank you.

  34. Awsome blog! I am loving it!! Will be back later to read some more. I am taking your feeds also.

  35. Your article has proven useful to me.

  36. Wow! This can be one particular of the most beneficial blogs We’ve ever arrive across on this subject. Basically Great. I am also a specialist in this topic so I can understand your effort.

  37. Deference to op , some superb selective information .

  38. Hello there, You have done an incredible job. I will definitely digg it and personally recommend to my friends. I am confident they’ll be benefited from this site.

  39. I conceive you have mentioned some very interesting details , appreciate it for the post.

  40. Somebody essentially help to make seriously articles I would state. This is the very first time I frequented your web page and thus far? I amazed with the research you made to create this particular publish extraordinary. Wonderful job!

  41. Great, yahoo took me stright here. thanks btw for info. Cheers!

  42. Thank you for sharing excellent informations. Your website is so cool. I am impressed by the details that you have on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the info I already searched all over the place and simply couldn’t come across. What a great web-site.

  43. We are a bunch of volunteers and starting a new scheme in our community. Your website offered us with useful info to work on. You’ve performed a formidable job and our entire community will probably be grateful to you.

  44. It’s really a nice and useful piece of information. I’m satisfied that you shared this useful info with us. Please keep us informed like this. Thank you for sharing.

  45. Very interesting points you have remarked, appreciate it for putting up.

  46. Cheers, great stuff, Me like.

  47. Hello, I think your site might be having browser compatibility issues. When I look at your blog in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, superb blog!

  48. Unquestionably consider that that you said. Your favourite justification seemed to be at the net the simplest thing to take into accout of. I say to you, I definitely get annoyed at the same time as other folks consider issues that they just don’t know about. You managed to hit the nail upon the top as well as defined out the whole thing with no need side effect , people could take a signal. Will likely be back to get more. Thank you

  49. I have fun with, cause I found just what I was taking a look for. You’ve ended my 4 day long hunt! God Bless you man. Have a nice day. Bye

  50. I am extremely inspired together with your writing skills as smartly as with the format in your weblog. Is this a paid theme or did you modify it yourself? Either way stay up the excellent quality writing, it is rare to peer a great blog like this one today..

  51. Today, while I was at work, my cousin stole my iphone andtested to see if it can survive a 40 foot drop, just so she can bea youtube sensation. My apple ipad is now destroyed and she has 83 views.I know this is totally off topic but I had to share it with someone!

  52. Does your site have a contact page? I’m having trouble locating it but, I’d like to send you an e-mail. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.

  53. I just couldn’t leave your web site prior to suggesting that I really loved the standard info a person provide in your visitors? Is gonna be again ceaselessly in order to check out new posts

  54. Incredible! This blog looks exactly like my old one! It’s on a entirely different topic but it has pretty much the same page layout and design. Outstanding choice of colors!

  55. Enjoyed reading through this, very good stuff, thankyou .

  56. I like this page, useful stuff on here : D.

  57. I really like your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from. kudos

  58. Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say wonderful blog!

  59. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on numerous websites for about a year and am worried about switching to another platform. I have heard great things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be really appreciated!

  60. Can I just say what a relief to find someone who actually is aware of what theyre speaking about on the internet. You undoubtedly know find out how to deliver an issue to gentle and make it important. More folks need to learn this and understand this facet of the story. I cant believe youre no more popular because you undoubtedly have the gift.

  61. I dugg some of you post as I thought they were very beneficial invaluable

  62. I simply wished to appreciate you all over again. I am not sure what I might have followed in the absence of the thoughts shared by you regarding this field. It has been an absolute frightful setting for me, nevertheless taking note of this skilled manner you handled it forced me to leap with contentment. I am happier for your support and as well , believe you recognize what a powerful job that you are undertaking training the mediocre ones thru your blog. I am sure you haven’t got to know any of us.

  63. With thanks! Valuable information!

  64. Hey there would you mind letting me know which hosting company you’re utilizing? I’ve loaded your blog in 3 different web browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a honest price? Thank you, I appreciate it!

  65. I must say, as a lot as I enjoyed reading what you had to say, I couldnt help but lose interest after a while.

  66. Hi, Neat post. There is an issue together with your website in internet explorer, might check this… IE nonetheless is the marketplace leader and a large portion of people will pass over your wonderful writing because of this problem.

  67. I conceive this web site holds some real superb information for everyone : D.

  68. Thanks for another wonderful post. Where else could anybody get that type of info in such a perfect way of writing? I have a presentation next week, and I am on the look for such info.

  69. I love reading through and I believe this website got some genuinely utilitarian stuff on it! .

  70. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a little bit, but instead of that, this is great blog. A fantastic read. I will certainly be back.

  71. I like this website its a master peace ! Glad I found this on google .

  72. It’s in reality a great and useful piece of information. I am satisfied that you shared this helpful info with us. Please stay us up to date like this. Thanks for sharing.

  73. I like this website its a master peace ! Glad I found this on google .

  74. hello!,I like your writing very much! share we communicate more about your post on AOL? I require a specialist on this area to solve my problem. Maybe that’s you! Looking forward to see you.

  75. Just wanna input on few general things, The website layout is perfect, the articles is very superb : D.

  76. This is really interesting, You are a very skilled blogger. I’ve joined your feed and look forward to seeking more of your fantastic post. Also, I have shared your website in my social networks!

  77. I am glad to be one of the visitors on this great website (:, appreciate it for posting .

  78. Pretty nice post. I just stumbled upon your blog and wanted to mention that I’ve really loved browsing your blog posts. After all I’ll be subscribing in your rss feed and I’m hoping you write once more soon!

  79. I like this site because so much useful stuff on here : D.

  80. I have read a few good stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you put to create such a wonderful informative site.

  81. I’m typically to running a blog and i actually recognize your content. The article has actually peaks my interest. I am going to bookmark your site and preserve checking for brand spanking new information.

  82. Have you ever thought about writing an ebook or guest authoring on other blogs? I have a blog based on the same subjects you discuss and would love to have you share some stories/information. I know my subscribers would enjoy your work. If you are even remotely interested, feel free to send me an e-mail.

  83. Enjoyed reading through this, very good stuff, thankyou .

  84. This is really interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your website in my social networks!

  85. Deference to op , some superb selective information .

  86. Thanks for the auspicious writeup. It actually used to be a entertainment account it. Look complicated to more introduced agreeable from you! By the way, how could we be in contact?

  87. I consider something really special in this site.

  88. The very core of your writing whilst sounding agreeable initially, did not really settle perfectly with me after some time. Someplace throughout the paragraphs you were able to make me a believer but only for a short while. I still have a problem with your leaps in assumptions and one might do nicely to fill in all those breaks. In the event you can accomplish that, I could definitely end up being impressed.

  89. I must say, as a lot as I enjoyed reading what you had to say, I couldnt help but lose interest after a while.

  90. I must say, as a lot as I enjoyed reading what you had to say, I couldnt help but lose interest after a while.

  91. I am glad to be one of the visitors on this great website (:, appreciate it for posting .

  92. I am not rattling great with English but I get hold this really easygoing to read .

  93. mobile loans online installment loans online installment loans [url=http://installmentloans.bid]installment loans guaranteed[/url]

  94. I consider something really special in this site.

  95. Some truly wow stuff on this web site , appreciate it for contribution.

  96. I like this site because so much useful stuff on here : D.

  97. You got yourself a new rader.

  98. A lot of thanks for your whole hard work on this web site. Debby enjoys managing investigation and it is obvious why. Almost all hear all about the dynamic manner you make effective tips and tricks via this website and welcome participation from visitors on this concern then our daughter is truly being taught a lot. Take advantage of the remaining portion of the year. You have been carrying out a good job.

  99. I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back later on. Cheers

  100. you may have an excellent weblog right here! would you wish to make some invite posts on my weblog?

  101. I really appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again

  102. There is noticeably a bundle to know about this. I assume you made certain nice points in features also.

  103. F*ckin’ remarkable things here. I’m very glad to see your article. Thanks a lot and i’m looking forward to contact you. Will you please drop me a e-mail?

  104. Perfectly composed articles , thankyou for information. 🙂

  105. It is in reality a great and useful piece of info. Thanks for sharing. 🙂

  106. Like!! Really appreciate you sharing this blog post.Really thank you! Keep writing.

  107. Thanks very handy. Will certainly share site with my buddies.|

Leave a Reply

Your email address will not be published. Required fields are marked *