If you woke in a cold panic scared about how you’ll survive retirement without retirement savings, it means you can’t wait any longer to start saving for retirement. Listen to Teresa Mears of Living on the Cheap talk about late-stage retirement on Queer Money™:From our experience, education and talking with colleagues such as Mears here is our nine-step, late-stage retirement savings plan. Start nowEven if it’s not too late to start a late-stage retirement plan, it is too late to wait any longer. When retirement is no longer so far in the future that you can’t picture it, it’s time to face reality and start saving. Combine those costs with the $80,000 to $100,000 a year cost for nursing home care, and even robust retirement savings are quickly depleted.

Source: Forbes January 28, 2018 12:56 UTC