The Best Money Move at Every Stage of Your Life
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Later in life, money doesn’t affect just the way you plan for the future; it can have an impact in the bedroom. A 2016 McGill University study of women ages 55 to 85 discovered that the more well-off they were, the better their romantic relationships and sex lives tended to be. As the study’s coauthor Annie Xiaoyu Gong explains, when women have more education and economic stability, they may also have a heightened sense of power and be more fearless about asking for what they want.
Your Best Money Move: Worried about having enough for retirement? You can make additional catch-up contributions to certain retirement accounts, like a 401(k) or an IRA, starting at age 50.
Farnoosh Torabi is a personal finance expert, the author of When She Makes More and the host of the award-winning podcast So Money.