Ignore your invitation to the baby boomer pity party Baby boomers who haven't saved for retirement early can still catch up for lost time, writes a financial adviser on Kiplinger. They may start with creating a realistic budget, determine their estimated income in retirement, and ensure that they own the right investments. Married couples should also account for the impact of death on the surviving spouse, and they should also factor in the hefty cost of health care and long-term care.

Make this estate planning move right now: Check your beneficiary designations With the federal estate tax exemption at a hefty $5.49 million, estate planning appears to be useful only to rich people, but ordinary people stand to gain from it too, according to this article on MarketWatch. One estate planning move that ordinary people will benefit from is to check the beneficiary designations for their life insurance policies, annuities, IRAs and other tax-advantaged retirement accounts.

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