Standard financial advice starts with the assumption that 40-year-old investment newbies are getting a “late start.” So what if you’re a card-carrying member of AARP without a portfolio? How do you start investing when you’re in your 60s?

Recently, a family friend reached out for some advice on how to start investing for retirement. At 61 years old, he was afraid it was useless because he had heard the standard tut-tutting about how he should have started earlier.

Once I got over my shock at his age (because that means I’ve reached my late 40s and I have no idea how that happened), I assured him that it’s not too late. Just because a lot of retirement math starts with the wonders of compound interest over time doesn’t mean your retirement is doomed.

Becoming a first-time investor in you

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