What to Do When You Can’t Retire

These Happy Golden Years

There are two keys strategies to planning for retirement: The first is to start early, and the second is to save. “Living within your means after you retire is living within your means before you retire,” Craig Brimhall, vice president of retirement wealth strategies at financial planning agency Ameriprise, explains. While this is universally considered the best practice, what can you do if you’ve mismanaged your finances – something more Americans are guilty of, as evidenced by more and more studies? MainStreet consulted the experts to see if those who had reached retirement age (which remains, as of press time, age 65), but were in dire financial straits could do anything to expedite the process. We found that while their options are limited, there are ways to improve their finances. Photo Credit: premus