From Yahoo Finance: 2025-04-22 08:30:00

At 65, it’s not too late to start investing for retirement. Assess your income, expenses, and lifespan to create a budget and investment strategy. Consider working longer to delay claiming Social Security and increase benefits by up to 32%. Seek advice from a financial advisor to maximize your retirement funds and security.

Evaluate expenses, income sources, and retirement length to plan your investment strategy. Allocate your portfolio between stocks and bonds based on risk tolerance. Consider annuities for guaranteed income. By working longer without claiming Social Security, your benefits can grow significantly. Adjust your strategy as needed to ensure a financially secure retirement.

Starting to invest at 65 with $85,000 may limit long-term growth but progress is still possible. Assess your financial and health situation, then invest based on your risk tolerance and time horizon. Seek advice from a financial advisor to tailor your strategy. Use online tools like CD calculators to predict earnings and compare savings accounts for optimal growth.



Read more at Yahoo Finance: Is 65 Too Late to Start Investing for Retirement With Just $85k Saved?