Retirement is a time when individuals should be looking forward to enjoying a slower-paced life without the drone of a 9-to-5 day job. It should bring about feelings of excitement, relief, joy, and anticipation. But for many retirees, that is not the case. Their feelings consist more of worry, dread, anxiety, and fear. That doesn’t sound like the golden years to me.
Whether it’s because they didn’t start saving early enough, or their life involved hardships that kept them from saving enough for retirement, many individuals nearing retirement age, those of the Baby Boomer generation, are coming to the harsh realization that their finances are not where they need to be.
Playing catch up when it comes to financial planning for retirement can be a bit tricky if you’re less than ten years from the big day.
It’s not impossible, but it will be intense, and it will make a difference. Here are a few things you can do to turn back those clocks and make up for lost time:
It will take an extra amount of effort and diligence, but it is possible to improve your retirement financial situation—no matter how late you start.
Michael Canet is a Registered Representative with TCM Securities, Inc. and can offer securities through TCM Securities, Inc., Member FINRA/SIPC.
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