It's Not Too Late! Start Planning for Retirement Now

If you’re like many women at this age, you are worried about how you will ever be able to retire.

But don’t despair! There are a number of steps you can take even now, even if you are well over 50.

First, assess your lifestyle, including your sources and amounts of income, and especially assess your spending habits.

What’s Your Current Lifestyle?

This exercise may, for example, allow you to see that you could downsize sooner rather than later.

Decide What Changes Make Sense For You

You need to deal with debt. Debt at this stage of life is usually a sign of overspending, so be brutally honest with yourself about what all that debt got you.

Deal With Your Debt

There are many opportunities to do this, and starting now will give you time to find one that fits your passions and can continue for many years.

Explore New Income Sources

The longer you work, the more time you have to save, the more your expected retirement savings grow, and the less time you have to depend on those savings once retired.

Keep on Working!

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