Just about all of us imagine the thrill of getting rich someday.
There is an almost universal appeal to the idea of having enough income saved to sit on a beach and sip tropical drinks, or to travel the world while leisurely crossing off items on your “bucket list.”
Unfortunately, some of us dream a little too long. Then, we wake up at age 70, wondering where all that time and money went.
If you are entering your 70s and have scant savings, you probably have harbored fantasies of great wealth. But is the dream really over?
Andy Tilp, founder and president of Trillium Valley Financial Planning in Sherwood, Oregon, says it is still possible to get rich late in life, “but not without a lot of work and sacrifice of time.”
Following are a few ideas for how to make a million after age 70.