Retirement is an exciting, well-deserved milestone. Whether you plan to travel the world, spend more time with family, or start a new hobby, planning and saving money is crucial to reaching your retirement goals.

If you’re wondering when you should start planning for retirement, the simple answer is to start saving money as soon as possible.

How much money do you need in retirement? According to Fidelity Investments, you should save at least 10 times your salary by age 67. Whether you’re on track to meet that goal or not, remember that it’s never too late to start a savings plan for retirement.

A financial advisor or financial consultant specializing in retirement planning services can help you find the best retirement plan that works for your unique situation based on your age, your income, how much money you want to have in retirement, and when you plan to retire. They can also explain how social security benefits, the stock market, taxes, and other factors affect your retirement planning.

There are many types of retirement plans and retirement accounts to choose from. From 401(k)s and 403(b)s to IRAs and Roth accounts, this part of the process can be confusing. Some plans may be offered by your employer with additional benefits like an employer’s match. Other accounts can be opened at your local bank, credit union, or online brokerage. Your employer or government may also offer pension plans, and if you’re self-employed, there are other retirement savings options for you, too.

A reputable financial consultant specializing in retirement planning can help you decipher these different account types, explain what options are available, and map out the best plan for your retirement goals. A financial consultant can also explain the difference between saving pre-tax and post-tax dollars, how to allocate those funds into the proper accounts, and annual contribution limits. They can also provide advice and strategies on how to invest the funds in your accounts to ensure you reach your goals.

A financial consultant who offers retirement planning services can also help ensure your savings and budgets are on track to your retirement goals each year. Recent life events like getting a new job or a promotion, losing a job, starting a family, or receiving an inheritance can impact your saving and spending goals. Re-evaluate your plan annually to ensure you’re on track to retirement.

Finding the right financial consultant for retirement planning can be one of your most important decisions. Remember that you may have to share personal and financial information, like your social security number or bank account numbers if your consultant will be helping you with investments. Therefore, it’s important you find someone you can trust.

Always look for the BBB Seal when searching for retirement planning services. BBB Accredited Businesses adhere to the BBB’s Standards for Trust and have committed to operating with your best interests in mind.

For more tips on financial wellness and financial planning, visit BBB’s Financial Wellness HQ and BBB’s Money HQ. For more resources for older adults, visit BBB’s resources for older adults page.