Monday, December 23, 2024
4.5 C
London

Tag: Late Start Retirement

How to Catch Up on Retirement Savings If Youre Behind

Feeling behind on retirement savings? Start by assessing your current financial situation. Increase contributions to your retirement accounts and explore catch-up contributions if you're over 50. Consider consulting a financial advisor for personalized strategies.

Strategies for catching up on retirement savings in your 50s

In your 50s, boost retirement savings by maximizing contributions to 401(k) and IRA accounts. Cut unnecessary expenses and consider working longer or part-time. Reassess your investment strategy to ensure it's aligned with your retirement goals.