The Best Money Move at Every Stage of Your Life
The best way to handle your money? Depends on where you are in your journey through life.
By Farnoosh Torabi
Photo: abel Mitja Varela/Taxi/Getty Images
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Boomers and Beyond
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.
From the
February 2017 issue of
O, The Oprah Magazine
