The Best Time to Start Saving Is Now, No Matter Your Age

Most people don’t talk openly about retirement until they’re already well into their 50s or 60s. For a long time, I was one of them. Like many others, I didn’t start seriously thinking about my own retirement until I was in my 50s. Life was full, raising a family, working, covering the day-to-day bills, and retirement felt like something far away, something “future me” would figure out.

Luckily, when I finally did take a hard look at my future, I had a workplace retirement plan and was able to save into the six figures to supplement it. That gave me a decent foundation. But let me be clear: I was fortunate. Many people hit their 50s or 60s with very little savings, fear in their gut, and no idea what to do next.

Even worse? When they go looking for help, they hit a wall. Financial advice can be expensive, often limited to those with large portfolios, and good guidance feels out of reach. This is a retirement blind spot we don’t talk about nearly enough, and it’s long overdue that we fix it.

My goal of this series is to provide Canadians with down-to-earth, practical information that helps you take control of your retirement planning, no matter where you’re starting from. Whether you’re in your 20s or your 60s, the best time to start is now. Really. The advice given in these posts is based on my situation, and should not be taken as expert advice. If you are planning for your retirement, talk to your advisor or financial institution before taking any actions.

Why So Many of Us Delay Retirement Planning

If you haven’t started saving for retirement yet, you’re not alone. In fact, surveys have shown that nearly half of Canadians don’t have a formal retirement plan. Why?

• Life gets busy. Between raising kids, paying the mortgage, and dealing with unexpected expenses, it’s easy to let retirement planning slide.
• It feels overwhelming. There are so many acronyms, RRSPs, TFSAs, CPP, OAS, and it’s hard to know where to begin.
• We think there’s still time. In your 30s or 40s, retirement seems far away. In your 50s or 60s, it feels too late.

Here’s the truth as I see it: It’s never too early or too late to start.

The Sooner You Start, the Easier It Gets

One of the most powerful concepts in saving is compound interest, your money earns interest, and then that interest earns interest too. I found this out late in life. The earlier you start saving, even small amounts, the more time your money has to grow.

Let’s say you start saving $200 a month at age 25. By the time you’re 65, you could have over $300,000, depending on your investment return. Wait until 45, and that total might be closer to $100,000. That’s still a solid start, but more time equals more growth.

Even if you feel behind, you can still make progress. Many people ramp up their saving in their 50s and 60s when their expenses go down or their income stabilizes. That’s what I did. I got focused, built a plan, and stayed consistent.

What If You’re Starting Late?

If you’re in your 50s or 60s and just beginning, don’t panic. Here are a few things you can do:

• Review what you already have. You might have workplace pensions, RRSPs, TFSAs, or even some equity in your home.
• Cut unnecessary expenses. Even small changes, like reducing subscriptions or eating out less, can free up money for saving. My wife and I only went out once a month once we started getting serious. A friend of mine and his wife, only went out for lunch or happy hour and they shared a meal. Little things add up.
• Make use of tax shelters. RRSPs and TFSAs can still offer advantages, especially if you’re in a higher income bracket now than you expect to be in retirement.
• Set specific goals. Retirement isn’t just a number, it’s a lifestyle. What do you want yours to look like?

Your First Action Step

If you’re just starting, here’s a simple three-step plan:

1.   Open a TFSA or RRSP if you don’t already have one (more on this in Posts 2 and 3).

2.   Start with any amount, even $25 a week adds up over time. If you are a Tim Hortons or a Starbucks regular, cutting back to twice a week may save you the $25, to start your plan.

3.   Automate it. Set up automatic transfers so saving becomes a habit, not a chore. I did that and it made my ability to save,  a lot easier.

These baby steps can snowball. Once you start seeing your savings grow, it becomes easier to stay motivated.

You Don’t Need to Be Rich to Retire Well

Too often, the retirement industry focuses on people with big portfolios and high incomes. But the majority of Canadians are working with modest means, trying to balance competing priorities.

That’s why  over the next few posts I will focus on what everyday people can do:

·        How to choose between TFSAs and RRSPs

·        When to apply for government benefits like CPP and OAS

·        What to know about health benefits in retirement

·        Where to go for affordable or even free advice

·        What housing options make sense for you

Don’t Wait for the “Perfect” Time

Waiting until you earn more, spend less, or “have time” won’t make retirement planning easier. Taking one step, today, is what moves you forward.

I started in my 50s. You can start now.

Helpful Link: Get Smarter About Money – Retirement Planning

In the next post, I will break down Tax-Free Savings Accounts (TFSAs), one of the most flexible tools for saving, whether you’re 25 or 65.

Until then, take a deep breath, remind yourself that you’re not behind, you’re just getting started, and you’re not alone.

Conclusion and Key Takeaways: Fitting In, Making Friends, and Finding Your Place

As I wrap up this series, let’s take a step back and reflect on what I hope you learned about fitting in, making new friends, and finding a place where you truly belong. For seniors, it’s never too late to forge meaningful relationships, expand your circle, and feel at home in a community.

Here are the key takeaways from the series:

1. You Are Enough as You Are

One of the most important lessons in building connections is remembering that you don’t need to change who you are to fit in. True belonging comes from being authentic and embracing your individuality. No matter your age or life stage, you have something valuable to offer, just as you are.

2. The Power of Listening and Presence

It’s not just about what you say, it’s about how you make others feel. Active listening and being present in the moment are powerful tools for making people feel valued. Small actions, like eye contact and giving someone your full attention, go a long way in building strong, lasting connections.

3. Say Yes to New Opportunities

As we age, it can be easy to fall into routine and comfort. But new friendships are often found outside of our comfort zones. Take the leap and say “yes” to activities and events, even if they’re a little out of your usual wheelhouse. The more you show up, the more you create opportunities to connect.

4. Embrace Vulnerability and Curiosity

Friendship isn’t about impressing others; it’s about forming meaningful bonds. Be curious, ask questions, and share small parts of your life. Vulnerability isn’t weakness; it’s the foundation of trust and connection. Don’t be afraid to let people in.

5. Find Your People

Look for groups and activities that align with your interests, values, and passions. Whether it’s a book club, a volunteer organization, or a fitness class, being part of a group where you share common ground helps you find people who resonate with you on a deeper level.

6. Quality Over Quantity

In the pursuit of making friends, don’t get caught up in numbers. It’s the quality of relationships that matters most. Having a few close, meaningful connections is far more fulfilling than knowing everyone but feeling alone.

7. Don’t Let Rejection Stop You

Not every interaction will lead to a lifelong friendship, and that’s okay. If someone doesn’t click with you, don’t take it personally. Keep putting yourself out there. The right friendships will come when you least expect them.

Final Thought

As seniors, we are constantly evolving, and that includes our social lives. You have the power to shape your connections, build new friendships, and find your place within any community. Fitting in doesn’t mean changing who you are; it means finding the spaces where you can truly be yourself and where your presence is valued.

Take these lessons with you, and remember: It’s never too late to find your tribe.

Fitting In Without Losing Yourself: Finding Belonging as a Senior

The idea of “fitting in” can feel like a balancing act. On the one hand, we want to feel accepted, part of a group, and connected to others. On the other hand, we don’t want to lose our individuality or stop being true to ourselves.

As we navigate the social world in our senior years, it’s important to recognize that fitting in doesn’t mean changing who we are; it means finding environments where we can be ourselves and still connect with others.

Let’s talk about how to maintain your authenticity while building relationships that make you feel like you truly belong.

1. Know What Matters to You

Before you seek out new friendships, take a moment to reflect: What do you value in a friend?

• Is it someone who shares your love of history, books, or gardening?
• Do you prefer deep, meaningful conversations or casual, fun exchanges?
• Are you drawn to active, adventurous people, or do you prefer quieter, reflective company?

Knowing what you value helps you find people who share those values. And when you meet like-minded individuals, you’re more likely to feel accepted for who you are.

2. Embrace the “Different” in You

We all have quirks, preferences, and characteristics that set us apart. And guess what? That’s what makes us interesting!

Trying to be someone you’re not, just to fit in, can create frustration and confusion. Be open to those moments where your uniqueness shines through, and don’t feel pressured to conform.

If you love knitting while others are talking about sports, speak up! If you’re passionate about philosophy but others are more into current events, share your thoughts. It’s okay to be different. Your voice adds richness to any group.

3. Seek Out Groups That Align with Your Interests

One of the easiest ways to find belonging is to seek out environments that feel naturally aligned with your interests.

• Join a local writing group if you love expressing yourself through words.
• Volunteer at a local animal shelter if you’re a pet lover.
• Attend a regular meet-up at the community centre if you’re into card games, cooking, or fitness.

Being part of groups that align with your passions not only gives you common ground with others but it also makes you feel more at home.

4. Give, But Don’t Overextend

Being generous with your time, kindness, and energy is wonderful, but don’t burn yourself out trying to be everything to everyone. True belonging comes from mutual respect and shared effort.

If you find yourself constantly giving but not receiving, it’s time to reassess. Fitting in means finding spaces where your contributions are valued and where you, too, can receive support, care, and attention.

5. It’s About Quality, Not Quantity

Having a handful of deep, meaningful friendships is far more valuable than being part of every social group in town. It’s not about how many people you know; it’s about how well you connect with those who matter to you.

Focus on building relationships with those who bring joy, laughter, and authenticity into your life. Those are the friendships that will withstand the test of time.

Final Thought

Fitting in isn’t about being everything to everyone; it’s about finding your space, your people, and your rhythm. As you embrace who you are, you’ll naturally attract the friendships and connections that make you feel seen, heard, and truly accepted

 

Building Friendships as We Age – It’s Never Too Late to Start

There’s a common (and false) belief floating around that making friends gets harder as we get older.

Some of us even wear it like a badge: “At my age, people have their circles already. I don’t want to intrude.”

Nonsense.

Yes, life changes. Our routines shift, people move away or pass on, and we’re no longer bumping into new faces at school drop-offs or office coffee rooms.

But here’s the truth: Friendship isn’t a stage of life, it’s a way of living.

Let’s talk about how we, as seniors, can still build meaningful, enjoyable, and lasting friendships, whether we’re 65 or 95.

1. Start with a Smile and a Seat

Let’s begin with something simple: sit beside someone new and smile.

Whether you're at a seniors’ centre, a book club, a community event, or waiting for your tai chi class to start, your smile is a welcome mat. You don’t have to deliver a TED Talk. A “Hi, I’m new here. What brings you out today?” goes a long way.

People warm up faster than you think. Most are relieved someone else made the first move.

And if you’re not new? Be the one who invites someone else to sit. Friendships start in these small, generous moments.

2. Say “Yes” More Often

If your first instinct when someone invites you somewhere is, “Hmm… maybe next time,” stop and ask yourself why.

Of course, we all need rest days. But don’t let comfort zones shrink your social life.

Say “yes” to:

• That community potluck.
• That volunteer meeting.
• That weekly walk with the folks who meet at the library.

You don’t have to click with everyone, but the more you show up, the more familiar you become. Familiarity breeds comfort, and comfort leads to connection.

3. Share a Little (But Not Too Much Too Soon)

We all carry stories, and sometimes, we carry them alone for too long.

Sharing small parts of your life, your background, hobbies, favourite old music, and what makes you laugh opens doors. It gives others permission to do the same.

But be mindful not to overshare right away. Friendships are built like fires: they start with kindling, not full logs. Let things grow gradually.

4. Be Curious, Not Just Interesting

People love to talk about themselves, so let them.

Ask questions:

• “How did you get involved in this group?”
• “What keeps you busy these days?”
• “Ever tried something completely new lately?”

These questions don’t just fill time. They build bridges. And by showing genuine interest, you become someone people want to talk to again.

5. Don’t Let One Rejection Stop You

Not everyone you meet will become your new best friend.

Some people are reserved. Some are in their own bubbles. And yes, some are just a bit prickly.

Don’t take it personally. A lukewarm conversation doesn’t mean you’re unlikable, it just means the connection didn’t click that time.

Keep going. There are lots of wonderful, warm, witty people out there waiting to meet someone just like you.

6. Build Around Activities You Enjoy

You’re not just looking for friends, you’re looking for kindred spirits.

So, start with what you love:

• Join a choir if you sing.
• Attend gardening workshops if you love digging in the dirt.
• Volunteer for something meaningful.

When you bond over a shared interest, conversations flow more naturally. And regular activities give friendships a foundation to grow on.

7. Don’t Be Afraid to Follow Up

Had a nice chat with someone after a meeting or class?

Say, “I really enjoyed talking with you. Want to grab a coffee next time?”
Or: “You mentioned a book you liked, would you be up for trading reading recommendations?”

This isn’t being pushy, it’s being intentional. Many friendships never bloom because people wait for someone else to take the next step.

Be the one who follows up. It’s a kindness that often leads to connection.

Final Thought

Making new friends doesn’t stop when school ends or when we retire. It’s an ongoing opportunity, one that asks us to be open, kind, and just a little bit brave.

So go ahead. Take the first step. The next great friend you make might be sitting right next to you, wondering if you want to be friends, too.