No — age 50 is actually one of the most productive times to start serious retirement planning. You likely have your highest earning years ahead, catch-up contributions are now available ($7,500/year extra for 401k, $1,000 extra for IRA), and 15-17 years is plenty of time to build a solid plan.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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