10 dos and don’ts for late-blooming retirement savers
National Institute on Retirement Security data, two thirds of working households age 55-64 with at least one earner have retirement savings that are less than one times their annual income.
And an AARP poll found that 72% of people age 50-64 think they'll have to delay retirement while half don't think they'll ever be able to retire. Here are some dos and don'ts for those late-starting retirement savers.
(Source: Christine Benz, director of personal finance at Morningstar. This information originally appeared on Morningstar.)" />
And an AARP poll found that 72% of people age 50-64 think they'll have to delay retirement while half don't think they'll ever be able to retire. Here are some dos and don'ts for those late-starting retirement savers.
(Source: Christine Benz, director of personal finance at Morningstar. This information originally appeared on Morningstar.)" />
Chances are someone you know is playing catch up with their retirement savings. After all, according to National Institute on Retirement Security data, two thirds of working households age 55-64 with at least one earner have retirement savings that are less than one times their annual income.
And an AARP poll found that 72% of people age 50-64 think they'll have to delay retirement while half don't think they'll ever be able to retire. Here are some dos and don'ts for those late-starting retirement savers.
(Source: Christine Benz, director of personal finance at Morningstar. This information originally appeared on Morningstar.)