Richardson Financial Advisory Blog
Help! I’m 55 and have no retirement plan
Help! I’m 55 and have no retirement plan!
Retirement planning is one of those things that often gets pushed to the back burner. When you're young, it's easy to convince yourself that retirement is light years away and you've got plenty of time to figure it all out. But life has a habit of going by real fast and all of a sudden, you're 55 (or thereabouts) and realise that retirement is just around the corner.
If this sounds like you and you’re now thinking, "I'm in my 50s and I have no retirement plan. What do I do now?", first of all, take a deep breath. It's not too late to start planning for your retirement.
Here, we'll outline some steps you can take to secure your financial future.
The Federal Budget
How will the latest budget proposals impact you and your finances?
The 2024 Federal Budget provides cost of living relief through 1 July tax cuts, lower power bills, higher welfare payments and support for small businesses.
How to budget in 3 simple steps
How to budget in 3 simple steps
Managing your budget and aiming for a healthy surplus (saving more than you spend) can help you achieve goals big and small-whether you’re saving up for a long-weekend getaway or a down payment on a home.