Many people put off retirement planning until they see the horizon, which often puts them in a bad spot when the time comes to leave the workforce. Rick Martin, senior financial planner for Szarka Financial, breaks down the ways that delaying your retirement planning can harm you down the road. He explains to Tim Muma how each year of waiting decreases value and increases the chances you'll need to work well past retirement age to survive.The information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Therefore, the information should only be relied upon when coordinated with individual professional advice. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker Dealer, member FINRA/SIPC. Advisory Services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Szarka Financial are not affiliated. Cambridge and Szarka Financial are not affiliated. Fixed Insurance services offered through Szarka Financial.