7 Ways to Make Up for Lost Retirement-Planning Time

[...]here are eight ideas these advisors are recommending that their clients do to build retirement funds faster than they ever though they could. 1.Give your kids some tough love. "Historically, we've seen the biggest and easiest places to cut expenses are dining out, shopping, reducing debt, and caring for adult children," says Brandon D. LaValley, who holds a master's degree in personal financial planning and is a founding partner and advisor at Targeted Wealth Solutions LLC in Colorado Springs, Colo. "Most people in their 50s should be empty nesters or very close to it and probably don't need all the house they needed earlier in life," states Walker. "Since this is usually the largest single expense for most people, you can make the greatest change by doing this one thing." [...]Gagnon advises that you get your friends and family involved in your new wealth-building efforts.