Greetings, minnat, and welcome.<<I work for a non-profit and am doing okay, retirement wise. I have a 63-year-old colleague who hasn't planned as well, or was incapable of planning as well. So what she has to look forward to in retirement is only Social Security benefits. She has always made a rather marginal salary, didn't know the facts of financial planning, cashed in a pension froma previous employer to educate her son, now has a mortgage on the house she inherited from her mother in order to pay off current debt.I would like to help this lady, but being incapable of funding her retirement myself, I don't know what to suggest. I suppose the first thing she should do is contact the SS and find out what benefits she can expect. Other than that, I do know that employees of a non-profit can put about 16% of their salary into a tax-sheltered plan, which is what I do. She hasn't had the money to spare to do this.It seems to me that her situation is pretty tough. Any suggestions as to how she can do better at her age?>>Unfortunately, at this late stage in her life there is little she can do except to expect to continue at least part time work in retirement to supplement her Social Security. It truly is a sad situation. Definitely have her explore all of her options with the SSA to include looking at her work record and her former or deceased spouse's work record to ensure she draws the largest benefit to which she is entitled.It's a sad situation, but as I said there's little that can be done at this late date. Her example certainly serves as a wake-up call to us all that we and we alone are responsible for our own well-being in retirement. Social Security even when supplemented by an employer's plan will never be enough. Other savings must be amassed to ensure the continuance of the lifestyle we enjoy prior to retirement.Regards…..Pixy
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