I’m 48 years old, have always worked, but none of my employers offered a retirement plan. So I have nothing saved for retirement. Is there any hope for me at this point? –M.A.
Sure, there’s always hope. But how much depends on how willing you are to make a concerted effort to improve your retirement prospects over the next 20 or so years. That’s not to say you can get yourself to where you would have been had you been planning for retirement since the beginning of your career. But if you make retirement planning a top priority in the time you have left in the workforce, you should at least be able to recoup some lost ground. And you’ll certainly be able to retire in better shape than if you do nothing.