Scott Harrigan

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It’s never too late to start planning and saving for life after work. There are many life circumstances that can prevent someone from saving for retirement. Whether it’s expensive emergencies that need to be prioritized, trouble maintaining a steady income or simply the lack of knowledge for exactly how to save for retirement in the first place, life can often send obstacles your way that can prevent you from utilizing your money the way you want to. However, having a savings goal — and a plan for how to achieve it — is essential if you hope to one day retire and feel secure about your financial situation in your non-working years. Experts often recommend starting to save as soon as you can — after all, more time can make all the difference. But that doesn’t mean you’re out of luck if you are a bit late to get started. Here, eight financial leaders from Kiplinger Advisor Collective weigh in with some of the best ways to plan for retirement as someone who is starting later in life, and how you can not only catch up but also have the security you need to feel good about your situation.

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To achieve your financial goals this year, you’ll need to start with a clear vision and plan. Ask anyone what they want to achieve when setting goals at the beginning of a year, and at least one of those goals is likely to be related to money. Whether it’s as simple as saving more or spending less, or as complex as researching new investment opportunities or delving into real estate, setting financial goals at the start of the year is a smart way to start or improve your current financial journey. If you haven’t yet settled on what you’d like to achieve with your money in 2025, consider the following eight goals recommended by the financial experts of Kiplinger Advisor Collective. Below, they discuss the goals or resolutions they think more people should set for 2025, and how doing so might impact their future success.