There’s something about reaching the big 4-0 that often causes you to re-evaluate your direction in life. And when you do, it’s hard to escape the fact that your day of retirement is indeed approaching faster than you ever thought possible.
If you’re one of those who eliminated debt and made investing for retirement a habit since your 20s, there’s very little to do other than enjoy your 40th birthday and continue on with what you’re doing. But if you’re heading into your 40s having done nothing to prepare for retirement, the prospects can be downright scary.