Join Deanne and wealth advisor Brian Rosso from Elevate Wealth Advisory as they discuss retirement planning hacks. In this episode, they tackle the question of what to do if you didn't start saving early or often. Brian emphasizes that it's never too late to start saving, even if it's a small amount on a regular basis. They also highlight higher contribution limits for those over 50 and the importance of making savings systematic and non-touchable. Tune in for practical advice on getting your retirement savings on track, regardless of when you start.

Hey! This is Deanne with Elevate Wealth, and I'm here with wealth adviser Brian Rosso. Hey, Brian! Hey, Deanne! And we're here to talk about some retirement planning hacks or ways to make retirement planning simple. Last episode we talked about save early and often, which means as soon as you can you should start saving on a regular automatic schedule and make sure that it's a non-negotiable in your life and in your budget. But my question for you today, Brian, is what if you feel like you missed the boat and you didn't start early or perhaps save early and often? Well, we always like to say, there's not a bad time to make a good investment, and while it may have been the best time 10 or 20 years ago, the next best time is today. And you won't get there if you just don't start somewhere, and so really the best thing to do is just even if it's $25 a week paycheck a month, just start somewhere. And you have got to make it on a systematic basis, and most importantly, you have to make those dollars just non- touchable. Don't touch them until you retire. That's absolutely right. So again, it's basically the same concept as save early and often, it's just you get getting started a little bit later, but that's okay. Start somewhere. So aren't there also higher contribution limits to certain types of accounts? There are. In IRAs, Roth IRAs, 401ks and even some other types of accounts you can add extra dollars to boost your savings after the age of 50. Oh, that's awesome. So sometimes when the people are in their higher earning years then there's more potential to save later. The real retirement planning hack there is just to get started. You have to start somewhere and you maybe sometimes you can combine it with a pay raise or on a calendar year and the good thing about combining those with pay raises is a lot of times you don't even miss those dollars and a lot of times you don't even have to give up your standard of living to save more as well. That's right. And that's important too, don't try to overextend yourself and save more and more and more, that puts you in an uncomfortable position, you're more likely to quit at that point. That's right. So don't wait to start. For whatever reason you were delayed just draw a line, leave that behind, and get a new realistic plan today. Right just start somewhere and consider working with an adviser like the ones at Elevate to help you develop a plan that works for you, right? That's right. That's right. So great advice as always, Brian. Thank you for joining me and thanks to all of you for listening or watching. For more information or if you'd like to connect with us, visit elevate-wealth.com and click "Let's talk!" Thanks, and we'll see you next time!