When is it too late for financial planning?
Retirement planning ideally starts when one enters the workforce, but even people in their 60s should have a plan
AT A press briefing for financial advisory firm MoneyOwl’s new retirement-income planner, a reporter was asked: Did he think his parents would benefit from it?
His reply was: “My parents are too old.” I was momentarily nonplussed.
Of course, I don’t know his parents’ ages. Financial planning may arguably be too late for people in their mid-70s or 80s.
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