A new AARP survey found that one out of five Americans ages 50 and over have no retirement savings. Lawrence Sprung, founder of Mitlin Financial, says it’s never too late to start saving. He says it all depends on your goals. From there, you must plan and budget. He also says retirement doesn’t mean you have to stop working completely; some may choose to just cut down on hours. Mr. Sprung shares his number one tip and a tool available online to calculate the amount each person needs to retire.
