Money Monitor: Get a plan if you aren't saving for retirement

Canadians are bombarded by advertising preaching the virtues of starting to save for retirement early, letting the benefits of time and compound interest work in their favour. But sometimes life happens and saving for retirement finds itself on the backburner in favour of day-to-day expenses such as daycare or urgent home repairs until later in life when retirement may seem like a rapidly approaching deadline. If you find yourself starting to save for retirement later in life, experts say don't panic, but it is time to put a plan in place.