It's Not Too Late To Save For Retirement

It's Not Too Late: Smart Retirement Strategies When You're Starting Later

Part of the Financial Flex Series
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Let’s be honest. Saving for retirement later in life can feel overwhelming. If you’re in your 50s or 60s and don’t have a big nest egg, it’s easy to wonder if it’s even possible to catch up.

The truth is, it absolutely is. You just need the right mindset, a practical strategy, and the willingness to take small but consistent steps forward.

Our Story: Starting Over, Starting Fresh

My husband and I know what it’s like to have to pivot late in life. For years, we were doing well. He ran his own service business as a self-employed contractor, and we were living in a beautiful home we loved. Life was good, but health challenges showed up earlier than expected for both of us.

He had to retire early in 2010 due to back injuries and other health issues. Around that same time, I experienced my own turning point. In 2006, I made the decision to shift to a raw food lifestyle. That change sparked a new level of wellness for me, but for my husband, healing would take more time.

Then life hit us with more change. My mother-in-law passed away from cancer in 2012. Our son graduated high school. We made the tough decision to sell our home of 12 years and downsize to an apartment, then later to a townhome rental. We didn’t have all the answers. But we kept going.

Even in the hard times, we stayed committed to our health and happiness. We never gave up on our goals or each other. We learned so much—about resilience, reinvention, and how powerful a shift in mindset can be.

Today, we’re still working full-time, still prioritizing wellness, and still finding new ways to grow. And our proudest achievement by far is our son. He’s independent, healthy, and focused on building a great life for himself. He constantly reminds me, “It’s never too late,” and he’s right.

Some of the most inspiring success stories begin later in life. Colonel Sanders didn’t start Kentucky Fried Chicken until his 60s. And look at @trainwithjoan—an incredible woman who completely turned her health and life around well into her 70s.

If they can do it, so can we.

A Simple Retirement Strategy When Time Feels Short

If you're just getting serious about retirement now, don’t stress. Here’s a flexible, realistic approach that you can start today.

1. Know Your Number

Figure out how much you’ll need based on your lifestyle, not someone else’s idea of retirement. Use a free online calculator to help you estimate the gap between what you’ll need and what you already have. Include Social Security, any pensions, and current savings.

It’s not about perfection. It’s about clarity and direction.

2. Start Contributing—Even a Little Bit Counts

If you have access to a 401(k), 403(b), or IRA, start contributing consistently. If you’re over 50, you can make extra contributions each year. Don’t let small numbers discourage you. Even $100 a month can grow if you stay committed.

Every bit you set aside is a step toward peace of mind.

3. Create New Income Streams That Fit Your Life

Retirement doesn’t have to mean no income. You can still earn in ways that feel good and support your lifestyle. I started selling digital guides, blogging about health and aging, and offering art online. These small steps became extra income that gave me options and flexibility.

Think about your own strengths and interests. You might already have a hobby or skill that could grow into something more.

4. Cut What Doesn’t Serve You

Look at your monthly expenses and ask, “Is this helping me feel better, live better, or reach my goals?” If not, consider letting it go. That could mean switching to a cheaper phone plan, eating more meals at home, or pausing subscriptions you forgot you had.

This isn’t about sacrifice. It’s about making space for what really matters.

5. Rethink What Retirement Looks Like

Forget the old idea that retirement means sitting around doing nothing. For many of us, it will include some part-time work, passion projects, or flexible living. I’m dreaming of a simpler life in a smaller town like Payson, AZ, where I can hike, create, and enjoy peace and purpose.

Make your own rules. You get to define what thriving later in life looks like.

You’re Not Behind. You’re Just Starting from Where You Are.

The most important thing to know is this: it’s not too late. You are not too far behind. And you’re definitely not alone.

Start where you are. Get honest about your goals. Take one clear step forward. The rest will follow.

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Disclaimer:
The information provided in this guide is for educational and informational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor or professional before making any decisions regarding your retirement or personal finances.