07:01 12 December 2013
Sometimes time can creep up on you. You think you have enough time to plan for your retirement and then you turn around and find it is right around the corner and you have nothing planned. You do not need to worry. You still have retirement planning options available even if you are 55 years old.
Unfortunately, at this stage you have lost the element and benefits of time. Most people start their retirement plans when they are in their 20s and 30s. The result is the ability to use compounding interest to increase their retirement fund.
Here are a few things that you can do to help yourself catch up on your retirement planning.
Retirement planning should begin when you are young but if you did not plan then, you can still plan now.
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