Based on the analysis by Towers Watson, the median savings accumulated by workers ages 51 through 60 is $49,000 and those by workers age 30 to 40 is $30,000. The median worker’s retirement fund has only $79,300. If you haven’t saved enough, it’s time to get serious about saving for retirement. Daily Finance lists and explains some guaranteed ways to retire rich. Here’s 6 ways you can apply in your retirement planning:
- Spend less than you earn
- Start saving early
- Don’t leave free money on the table
- Take a little risk
- Minimize your taxes
- Maximize your income potential