7 Steps to Start Saving for Retirement After 50

It’s never too late to start laying the financial groundwork for your future

“In a perfect world, we would all begin saving [for retirement] from the time we receive our first paycheck,” says Nicole Gopoian Wirick, a certified financial planner (CFP) in Birmingham, Michigan. “But we know life isn’t perfect, and sometimes a late start is unavoidable.”

And very common. A May 2022 Federal Reserve report found that 25 percent of nonretired adults have no retirement savings and only 45 percent of nonretired adults ages 45 to 59 believe their retirement savings plan is on track. Read more

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Sechrist Financial are not affiliated.

Cambridge’s Form CRS (Customer Relationship Summary)

This communication is strictly intended for individuals residing in the states of AZ, CT, FL, IN, ME, MA, MS, NH, NJ, TX, VA, and WA. No offers may be made or accepted from any resident outside the specific states referenced.

The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Sechrist Financial makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information, and programs made available through this site.

Sechrist Financial