I've always had a paycheck and now that I'm in my 40s, and living from one week to the next, I know I should be saving for my retirement. It seems as though all my money is gone by the time the next payday rolls around. Is there any hope?
Ans. There's hope but you probably can't do it alone. Check with friends, your accountant and your attorney to find a financial manager that can be trusted (and careful) with your money. Kim Snider's new book, "How To Be The Family CFO" (Greenleaf Book Group Press $ 19.95) puts forth four steps: plan prudently, save prodigiously, invest wisely and learn to manage risk. It's too hard for most of us, but professionals can show you how to do that. And it isn't a choice for you. It's a necessity.