We get busy in life. Between raising a family, starting a career, buying a home and then eventually sending the kids to college, it’s not a big surprise that retirement planning takes a back seat.
Some people don’t even start thinking about retirement until they are in their 50s. That’s late. But still, you should never throw your hands up and give up on retirement planning. And even though I say it’s never too late to start, you may have to deal with some unfortunate realities.
The fact is that retirement can be overwhelming. There’s a lot to do and a lot to think about. Which is why even people who think they are well prepared for retirement might find that there are things for which they simply forgot to plan, or didn’t know they needed to plan.
Financial planners describe some of those things: