How To Catch Up If You Are Way Behind On Saving For Retirement
Life comes at you quick. One day, you are 20 years old with dazzling future ahead of you. Next thing you know, you’re 50 and aware of you’re not saving enough for retirement.
Hey, don’t be embarrassed — it happens to a lot of us. Only about 60% of Americans are confident they are saving enough to retire comfortably, according to a recent Capital One survey. And that figure has gone down 10 points in just two years.
It’s never too late to boost your retirement savings. But you shouldn’t put it off any longer.
“Fifty is a pivotal age,” says Ryan McPherson, founder of Intelligent Worth, a financial planning firm in Atlanta. “You’re 10 to 15 years away from retirement and still have enough time to make major changes if needed.”