Late to Retirement Planning? 3 Strategies to Help You Catch Up to Your Peers

Group 1 - Retirement planning is a challenging task, especially for individuals in their 20s and 30s who are still figuring out various aspects of their lives [1] - There is still time to improve retirement savings, even for those who feel they are behind [2] - Forming a retirement plan is crucial and involves estimating future expenses and applying an inflation rate [4][5][6] Group 2 - Individuals should maximize contributions to tax-advantaged retirement accounts like 401(k) and IRA [7][9] - Employers often provide matching contributions to retirement plans, which can be considered as free money [7][9] - There is no universally correct amount to save for retirement, but having an organized plan can help compensate for lost time [8]