Better late than never goes for a lot of things in life — including retirement planning.
Some people are worried that they’re behind. But even if you’ve waited until your middle age or later, it’s not too late. As Smart Asset explains, you can still start making helpful moves.
The first step is to make calculations. Determine your needs, and how much you’ll have to save. You can also check out contributions that work for late starters, which could be a big help.
You can also start cutting costs now. Even in an inflationary economy, you can find ways to reduce your spending now so you can save money for the future.