Comments on: At 55 – Is it Too Late For Retirement Planning?

By: Carnival of Financial Planning - Edition #149 - July 9, 2010 | Personal Investment Management and Financial Planning Blog Directory

Fri, 09 Jul 2010 06:50:01 +0000

[...] Financial Blogger presents At 55 – Is it Too Late For Retirement Planning? posted at The Financial Blogger, saying, “It is never too late to start, but here are a few [...]

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Sat, 03 Jul 2010 11:48:42 +0000

[...] The Financial Blogger were asking whether 55 years old is too late for retirement planning? [...]

By: 20 Cents from June 2010 | Balance Junkie

20 Cents from June 2010 | Balance Junkie — Fri, 02 Jul 2010 09:50:06 +0000

[...] The Financial Blogger asked At 55 – Is It Too Late for Retirement Planning? Mike has some great advice on this topic and it’s what he does for a living, so it’s [...]

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Financial Ramblings « Intelligent Speculator — Sat, 26 Jun 2010 11:59:09 +0000

[...] to preserve capital in dividend investing @ DividendTree -UK emergency budget @ TheBigPicture -At 55, is it too late for retirement planning? @ TheFinancialBlogger -Landlord math – Cap rate and return investment @ [...]

By: The Financial Blogger

The Financial Blogger — Fri, 25 Jun 2010 13:22:18 +0000

@ Sam,

55 is definitely late to start thinking about retirement planning. However, it is never too late to put a few bucks aside.

if you think about retirement planning at the age of 30, you will surely be able to build a nice safety nest and live a comfortable retirement!

By: Green Panda; What is Cool Around the Web This Week « Green Panda Treehouse

Green Panda; What is Cool Around the Web This Week « Green Panda Treehouse — Fri, 25 Jun 2010 09:04:10 +0000

[...] Is it too Late for Retirement Planning? @ The Financial [...]

By: Sam

Sam — Fri, 25 Jun 2010 06:39:50 +0000

@TFB: This is really interesting.. But isn’t 55 a bit late to start planning for retirement? I am in my late 20s and I would like to start setting aside money for my retirement once I reach the age of 30. What age do you think is best to start planning for one’s retirement?

By: Planning and Personal Investment Articles | Personal Investment Management and Financial Planning Blog Directory

Fri, 25 Jun 2010 01:14:25 +0000

[...] Financial Blogger presents At 55 – Is it Too Late For Retirement Planning? posted at The Financial Blogger, saying, “So if you don’t have a plan at 55, is it too late [...]

By: The Financial Blogger

The Financial Blogger — Thu, 24 Jun 2010 14:03:02 +0000

@Financial Cents,

I agree with you that there are a lot of Canadians counting on CPP and OAS to live at retirement. This is definitely a problem. However, even those people, if they start saving money at 55, they will be able to enjoy a more comfortable retirement.

On the other side, since they never spent 40K/year to live, they don’t need to have 500K to 1M$ at retirement.

By: Financial Cents

Financial Cents — Thu, 24 Jun 2010 00:31:36 +0000

Hey FB – I think if you are 55 and do not have $250 K in the bank, then yes, it is too late.

You are assuming folks that are 55, have this type of money, and such, they often become your clients; which is a great thing, don’t get me wrong. I don’t think it’s too difficult to get them into some financial plan and you probably always do.

I think the much harder challenge would be to get the 55-year-old that doesn’t have $250 K into some plan and VERY quick, otherwise, their only hope is CPP and OAS.