David RacichPRO
    Fountain Hills, Arizona
    Procrastination has economic ramifications. But saving something is better than nothing. Here's a few thoughts that can help if you start today.You need to plan on working until you are age 70 and not taking distributions of Social Security or any qualified retirement plans you use now. Social Security distributions are maximized at age 70 and qualified plans require minimum distributions at 70 1/2. So age 70 is the new retirement benchmark, especially if you're late to the game.
    Answered on July 21, 2013
  2. 5082 POINTS
    J Paul Wilson CFP, CHFC
    Certified Financial Planner, JPW Insurance Retirement Investments, Halifax, Nova Scotia, Canada
    It is cliche to say that you should start as early as possible. It could be mathematically too late to save for retirement depending on your goals - you may have to delay. It is never to late to plan for retirement though. Decide what retirement success looks like for you and then allocate your resource to make it happen.

    If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.

    If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
    Answered on June 12, 2014
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