A survey from Bankrate.com found out that over one-third of American’s don’t have a penny saved for retirement, including more than a quarter of those ages 50 to 64. As you already know the best way to stay on track for a comfortable retirement is to start saving early. But If you’re late on the retirement saving, fear not. USA Today has an article to help you back on track. Here’s 5 simple ways to catch up on your retirement savings:
- Focus on debt
- Max out tax-deferred accounts
- Reduce advisory fees
- Work longer
- Don’t fall for shortcuts.