Over 55, No Retirement Plan? These Smart Moves Can Transform Your Finances

• Even after 55, it's not too late for retirement planning; start by changing your mindset and honestly assessing your financial situation.
• Maximize Social Security benefits by delaying claims until full retirement age or 70, potentially increasing annual payouts by 8%.
• Consider part-time work or freelancing to supplement income and stay active, aligning with your interests and experience.
• Reduce major expenses like housing by downsizing, refinancing, or exploring options like renting out a spare room or reverse mortgages.
• Seek guidance from a financial advisor to explore low-risk investments and income options, making wise decisions for a less stressful retirement.

Why It Matters: It's never too late to start retirement planning; smart steps can secure your financial future after 55.