Investing Retirement Planning How To Talk to Someone Who Needs a Retirement Plan Practice difficult financial conversations with our interactive Money Talks tool By Susan Shain Susan Shain Website Susan Shain is a freelance financial writer. She was previously on staff at The Penny Hoarder and Student Loan Hero, and has also been published in Lifehacker and MarketWatch. learn about our editorial policies Updated on June 5, 2022 Reviewed by Julius Mansa Reviewed by Julius Mansa Julius Mansa is a CFO consultant, finance and accounting professor, investor, and U.S. Department of State Fulbright research awardee in the field of financial technology. He educates business students on topics in accounting and corporate finance. Outside of academia, Julius is a CFO consultant and financial business partner for companies that need strategic and senior-level advisory services that help grow their companies and become more profitable. learn about our financial review board Share Tweet Pin Email Saving for retirement is one of the trickiest financial goals to navigate. Your golden years feel so far away, which can make it challenging to stay motivated. But then, the older you get, the harder it is to set aside enough money to retire successfully. Given how important saving for retirement is, it can be worrisome to see someone you love falling behind. Although they’re not alone—fewer than 4 in 10 workers feel their retirement accounts are on track, according to the Federal Reserve—it’s never too late to start. Using our interactive Money Talks tool, you can practice chatting with a friend, partner, or parent about securing their future. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Federal Reserve. "Report on Economic Well-Being of U.S. Households in 2021 - May 2022, " Page 79.