Retiring Early - Not always a choice

I knew someone who turned 55 and decided to retire. The only problem was that he had no money to retire on. This seems to happen a lot and while young people are given advice to save money, if you are older, there may have been circumstances in the past which contributed to not saving enough or even at all. If that is the case, now you are like this person I knew who had no money and all the intentions in the world of retiring.

Just because you may be older does not mean that it is too late to save. Do whatever you can to help increase your earnings before it is too late. Maybe a part time job is necessary to help you having something to contribute to your savings but save something. Otherwise, you can plan on never retiring or retiring broke.