First off, it’s okay.

No it’s not good. But there is hope.  This post is for all you late bloomers out there who are just now getting started saving for your retirement. And yes, we know it’s scary when you realize late in life that you haven’t prioritized your golden years but the key to dealing with the situation is to ACT! and act NOW!

• If your employer offers any type of funds matching then you MUST at the bare minimum, contribute the amount required to receive the company match otherwise you’re leaving money on the table.
• Next, you have to analyze your budget. You don’t have to hire a financial planner, but you do have to sit down and look at all the money that goes in and out of your bank account in a typical one month period.
• Then you have to trim the fat. Anything that can be cut should be cut in order to free up money for your retirement savings.
• Depending on your age you may be eligible to contribute ‘catch-up’ funds to your retirement account specifically to address the issue you’re facing.

PART 2