Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public.

While it’s never too early to start setting aside money for the future, the last 10 or so years before you retire are certainly crucial to reaching any sort of savings goals.

To retire by age 67, experts from retirement-plan provider Fidelity Investments say you should have eight times your income saved by the time you turn 60.

If you are nearing 60 (or already reached it) and no where close to that number, you’re not the only one behind. A 2020 TD Ameritrade report, which surveyed 2,000 U.S. adults ages 40 to 79 with at least $25,000 in investable assets, found that 28% of those in their sixties have less than $50,000 in retirement savings.

Though Fidelity’s guideline takes into account your retirement contributions and your investments, in addition to any cash savings, it certainly can still seem a lofty goal.

Whether or not you are close to having 8 times your salary set aside, there are a few financial things you can work on checking off your to-do list that will open up room to save more as you prep to step away from the workforce.

Pay off your debt

In addition to cutting expenses by following a budget, living within your means and perhaps downsizing to a smaller home, it’s important to pay down your high-interest debt (like on credit cards).

If you have any outstanding credit card balances, pay them off now so it’s not a burden chipping away into your retirement fund later on. If you don’t pay off your balances in full, credit card debt can stick around for years



a woman sitting next to a window: Personal branding for entrepreneurs in the age of clutter


© Jayadevan PK
Personal branding for entrepreneurs in the age of clutter

Note to readers: Hello world is a program developers run to check if a newly installed programming language is working alright. Startups and tech companies are continuously launching new software to run the real world. This column will attempt to be the “Hello World” for the real world. 

Some founders are very popular on social media. Take Kunal Shah or Ankur Warikoo for example. Seeing them, several operators and sometimes founders ask how they can build a personal brand too. Turns out it helps them land better gigs, promote their product, and open doors.

Now I won’t pretend to have a lot of insight on how they built their brands. Clearly, a lot of hard work has gone into it. But for most people looking to build a personal brand, there’s a simple idea to follow: get people to know, like, and trust you.

The thumb rule, as proposed by Bob Gurg and John David Mann in their book The Go-Giver goes something like this: “All things being equal people will do business with, and refer business to, those people they know, like, and trust.”

These pithy lines are repeated often by marketers and business folks in the context of doing business. And it works for personal branding as well. There are a bunch of things you can do to get people to know, like, and trust you.  Content marketers seem to have had a field day with the famous KLT principle so a simple Google search will throw up some good advice and a tonne of garbage on how to do that. So we won’t go into it. Instead, we’ll talk about some does and don’ts as you build your personal brand.

What you need to do

Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public.

They say your 50th birthday is a milestone one, but it may feel like a lot. You’re at the height of responsibility: kids, a mortgage, college, impending retirement. No matter whether your goals have stayed on path or gone a bit off track, approaching 50 has its financial challenges for everyone.

If you have been building a family over the last decade or so, the support you’ve given to your children — food, school, housing expenses — can make a big dent in any savings you had set aside over the years. And by age 50, you’ve probably navigated your fair share of life’s curve balls.

But if you want to remain focused on retiring at 67, it takes some discipline in the years ahead. In fact, according to retirement-plan provider Fidelity Investments, you should have 6 times your income saved by age 50 in order to leave the workforce at 67.

Learn more: Here’s how much money you should have saved at every age

Although this guideline includes your retirement contributions and your investments, in addition to any cash savings, for many it can still be a difficult goal to reach. In a 2020 TD Ameritrade report, surveying 2,000 U.S. adults ages 40 to 79 with at least $25,000 in investable assets, nearly two-thirds of 40-somethings have less than $100,000 in retirement savings.

To think ahead if you are not yet close to your 50th birthday, or to dial back on your spending if you are, CNBC Select looks at how to save during these busy years.

How to preserve your savings as you near

OCP Launches Personal Missal Program to Protect Parishioners in the Age of COVID-19

PR Newswire

PORTLAND, Ore., Sept. 29, 2020

PORTLAND, Ore., Sept. 29, 2020 /PRNewswire/ — In response to the ongoing threat posed by the coronavirus pandemic to parishioners, many of whom are required to stay home, OCP has launched the Parishioner Personal Missal Program. OCP is a not-for-profit music publisher and provider of worship resources such as Breaking Bread, Today’s Missal, Unidos en Cristo/United in Christ, Heritage Missal and more.

“OCP is partnering with parishes across the country to support their aim of keeping their parishioners safe during the COVID-19 threat, while at the same time remaining fully engaged in the liturgical life of their parish communities,” says Wade Wisler, OCP Publisher. “The reality is that many parishioners are particularly vulnerable to the harshest effects of the virus, and consequently aren’t able to attend liturgy. Instead, they are trying to stay connected at home through livestreamed Masses and other virtual liturgical celebrations. This personal missal program provides them — and those who may be able to attend in-person liturgies — with worship aids that will sustain them during this unprecedented time when the sharing of common resources is understandably discouraged.”

The Personal Missal Program offers members of parish communities the opportunity to have their own personal copy of their parish’s missal, to help promote safe and active participation in the liturgy, while at home or in church. Filled with readings, psalms, prayers, the Order of Mass and hundreds of songs, a personal missal allows the faithful to maintain their spiritual connection to the Church, despite physical separation. The program also presents an opportunity for parishes to raise funds through community donations — crucial during this time when many face particular financial hardship. OCP