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Trump’s Secretary of State nominee gets a narrow thumbs up, but his Veteran’s Affairs nominee is put on hold. Also on our rundown: Protests against Wells Fargo set for Des Moines today; and cannabis advocates blame Florida officials for “reefer madness.”

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In 2014, Pay Yourself for the Future, Prepare for Retirement

January 8, 2014

RALEIGH, N.C. - As retirement accounts continue their recovery from the economic downturn and at least some baby boomers are overcoming unexpected job losses late in their careers, experts say it is possible to turn things around when it comes to retirement - and this might be the year to do it.

Increasing savings even when a person is in their 50s or 60s can make a difference, said Henrietta Coursey, lead volunteer coordinator for AARP North Carolina.

"It is never too late because we can live 'til we're 80 and 90," she said. "That's a whole 'nother 20, 30 years that you have to add to your retirement."

Coursey said saving $5 a day - the cost of a large gourmet coffee - could add up to more than $1,800 a year.

Saving for the future can become a family affair, she said, with people of all generations benefiting from learning how to save.

"Start early with your family members," she said. "Start early with those piggy banks that we were all given as kids and invest in yourself."

In addition to saving money, Coursey said financial experts advise people to re-evaluate their insurance coverage periodically, to make sure the policies still meet their needs. People who are working should check on any benefit plans provided by their employers, she said, to be sure they're maximizing those opportunities as well.

Stephanie Carroll Carson, Public News Service - NC