Sunday, October 11, 2009
Retirement planning for late starters
Posted by Shawn Gao
If you're in your 50s and haven't set aside money for your retirement, you may have a big problem.
If you're in your 50s and haven't set aside money for your retirement, you may have a big problem. But you're not alone. Across all age groups, only a few people have actually prepared for their golden years.
According to a study by HSBC, just about 13 per cent of people around the world feel they are very well prepared to cope with their retirement. Although 43 per cent have undertaken some planning, they lack a clear sense of what their retirement income will be like.
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It is very reassuring that one can start their retirement plan so late in their life. Interesting article, Shawn. - By Alma Zhumagulova
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