Research shows that we automatically adjust to an increase in our income anyway, so why not make it work for you? When you find more money in your pocket - from a raise, a bonus, or paying off a debt like a car loan - add it to the pot. That allows you to shovel more and more money into retirement accounts. "You've progressed through the post-college years of your 20s, the 30s where most people are starting a family, and by the time you're in your 40s, you're probably cash-flow positive, meaning your income exceeds your expenditures," says Eric Meermann, a certified financial planner and the client services manager at Palisades Hudson Financial Group in Scarsdale, N.Y. That, as you can imagine, helps a great deal when it comes to your financial strategy. You have a grip on your financial situation, whatever it may be, and probably some idea of your earning power in the future. In this shaky economy, people are changing paths at 50, 60 and even 70 with a lot of success). In most cases, 40 means you're a little more established in your career (but if you're not, don't worry. We've made it to the 40s in our running series on investing (if you missed it, check out previous posts for tips in your 20s and 30s), and, while some of the advice remains the same, you have a few more things on your plate at this age.
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