Perspective

The next millionaire could be you or someone you love. What does it require? Small regular saving and prudent investment over time. Getting to retirement age with a million dollar nest egg requires commitment and perseverance. Oddly it's less about investment acumen than it is about being disciplined with available financial resources. While starting early can ease the challenge, advanced age shouldn't be viewed as a deterrent.

Financial advisers now routinely use age 90 for planning purposes due to increased life expectancy. Thus even for those nearing retirement, decades could remain for wealth building. Making the commitment to save a portion of all income received, regardless of source or size, is the portal to prosperity at any age.

                                                                        Roger L. Caron