What 50-Year-Olds Should Have Already Done to Prep for Retirement
Financial planners frequently tell stories of clients who visit seeking advice only weeks or months before their planned retirement. Some people have already submitted their retirement papers when they first meet with a financial professional.
That's way too late. Some people in their 50s and 60s have neither the savings nor the income to retire. They will need to continue working or drastically reduce expectations about their retirement lifestyle. You don't want to learn these cold, hard facts just weeks before your planned retirement.