Keep in mind when a saving plan is started early, retirement planning is almost always successful. But, the converse is not true most of the time. People even when started late, piled up adequate retirement saving portfolio. A prime example could be us, we started saving for retirement when I was in my thirties but since we could save 50% of our income, we are progressing well. Enjoy this guest post from Rick!

The whole essence of successful retirement planning is to start as early as possible, but unfortunately by the time many people realize its importance, it is generally too late.

Retirement, as i have come to know from my childhood, consisted leisure and fun activities. The first picture I can remember of a happy retiree is that of a couple sipping on drinks sitting on a beach chair and looking at the sea. I always wanted to do social and community work in my retirement part from fulfilling my hobbies of travelling, photography, etc.

Working during retirement to earn a living never came across my mind. I even thought about early retirement option. But, today as I see it around me, in this country, growing number of workers continue to work in their retirement. And as per various study and trend analyses done,  this phenomenon will only increase over time.

Retirement saving is the most important aspect of managing personal finance. Probably I wrote about retirement most often after “saving Money” topics. I generally don’t turn down a guest post offer which contributes to retirement planning. This post talks about options when you fall short of funds. I sincerely hope you’ll never face this situation really. Enjoy the post!

When Social Security benefits are uncertain, pensions are rare and the economy is constantly in flux, workers reaching the age of retirement may be wondering about the financial security of their golden years.