Most importantly, those who married late and had children at a late age, find that they have retired but their children have not settled down. Physically and financially it is a very difficult situation at a very crucial time. Ideally, you want to plan out your major expenses like higher education for children, marriages, house etc. when you have a few years of job still left and you are physically fit. Most of the medical and financial problems come together and become very difficult to handle.