When the Beatles released the song “When I’m Sixty- Four” I was 16 years old. Being 64 years old was unimaginable to me at that time. Now it is reality.

I started this blog over a year ago with a goal to improve the financial literacy of Millennials, 20 and 30 year olds. I focused on topics that I thought were top of mind to that age group. Millennials need to save for retirement today, but it is just as distant an event to them as sixteen year old me reaching sixty-four.

This year I plan to focus on topics that are top of mind to my age group – 50 and 60 year olds. When do I want to retire? When do I start taking Social Security? How do I sign up for Medicare? Do I need a will? Do I have a good financial advisor? Improving financial literacy is relevant for every age group.

You Millennials can mentor your parents and help them become better prepared for retirement with these future blog postings. Many of the posts from last year are relevant for any age group

Here are a few of my MoneyYOYO rules or truisms:

• MoneyYOYO – You’re On Your Own. Only you can take on responsibility for your financial health.

• The Fred Young Rule – Always save something, no matter the amount.

• Start with small goals. Take baby steps to get you on track to meet your financial goals.

• Major life event changes force you to reevaluate your financial goals

• Big and small sacrifices will be needed to save money.

• Prepare a budget and stick to it.

• Everyone spends money differently. What works for you will not work for everyone.

• Rebalance the allocation of investments in your 401k/403b/457 plans and IRAs once a year. Is the risk level of the portfolio still appropriate for you?