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Is 63 Too Late to Start Saving for Retirement? - Yahoo!
In this Yahoo! article, Smart Asset certified financial planner Brandon Renfro fields a question from a 63 year-old who has no retirement savings and will have only Social Security income upon retirement. This is a situation far too often seen but, as the article suggests, it’s never too late to start saving. Saving even a modest amount still adds up over time, and it many be necessary to adjust one’s planned retirement date, but all is not lost. The important thing is to make an honest assessment of your personal circumstances, consider what goals are actually achievable, and then develop a strategy to meet that goal, including perhaps deferring Social Security longer to get a higher monthly benefit. All of that is discussed in Mr. Renfro’s article, which you can access here.