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Retirement Planning for Late-starters

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Retirement Planning for Late-starters

Photo by Micheile Henderson on Unsplash

We know, retirement planning can seem overwhelming — especially if you feel years behind. According to the Federal Reserve, only 44% of Americans between the ages of 45–59 feel they are on track with their retirement savings. This can often result in panic and fear that it’s too late to get started. But that couldn’t be farther from the truth.

If you’re a late start retirement planner, there are still things you can do to make sure you have a comfortable retirement. After talking with experts on the subject, one of the first key takeaways to note is to start saving as soon as possible. Don’t keep putting it off as you have all the previous years. It’s time to turn a new page and get going with your retirement savings.

You should also keep in mind that you’re not alone, and there are resources available to you. By utilizing a financial advisor, you’ll be better able to determine where to place your money to have the greatest chance of return. You may think you can do it on your own (and you just might be able to pull it off), but in the end, it’s the financial advisor that has years of experience and knowledge that can benefit you more than you trying to figure it all out on your own.

To help you figure out what other steps you can take, Annuity.org created a visual with expert-backed retirement planning tips for late starters.

Look through the visual below to get started on your retirement planning!

Retirement Planning Strategies

Source: annuity.org

 

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