Start in your 50s...
The fourth and final part of our new series here at RetireJapan. Over four weeks we've looked at personal finance for people in their twenties, their thirties, their forties, and their fifties.
Actually, Ben Carson over at A Wealth of Common Sense wrote a fantastic post on this topic last week. Go and read it now :)
If you are in your 50s and have made no provisions for retirement, it really is crunch time.
The first thing is to figure out where you are. What pensions or other income can you expect? What is the absolute minimum you could live on? How long can you remain in your current job?
In an ideal world, your pension or investments would provide you with the income you need for a comfortable and pleasant retirement.
Most people probably aren't in an ideal situation though. After doing some calculations, you may find that you have to continue working, or need to find another job after 'retiring' from your current one.
You may also need to reduce your spending and lifestyle.
Right now you probably need to ramp up your saving to a level beyond what you thought possible. Read the previous post to get started, but triple the urgency.
Every yen saved now could make a huge difference in the near future. Ask questions in the Forum or get in touch via the Contact form if you need help figuring out what to do.