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When it comes to having the retirement of your dreams, being aware of potential pitfalls will help you achieve your goals.Planning for retirement can feel like solving a complex puzzle, with each piece representing a decision that could affect your future. But here’s the good news: It’s never too late to take control. In this series, we aim to simplify the process, providing actionable insights to help you confidently manage your financial future.
“Theoretically, in your 40s, you might be at the point where you have some extra money to invest,” says Kelley Keehn, a Toronto-based personal-finance educator and bestselling author of 11 books. “Yes, there are trends that we see, but not even the professionals can time the market, so how is the average person going to do it?”
For many of us, our late 20s and our 30s are focused on, say, paying off student loans and saving for a downpayment, so planning for retirement can fall to the wayside. Once you’re in your 40s, it’s time to consider the next life stages and how to prepare for them. “A financial planner can help you prioritize things and put dollar amounts to your goals in a way that still leaves you room to put money into your retirement plan.
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