Unhappy With Your Retirement Savings Balance? Do These 2 Things
Social Security doesn't provide enough income for most seniors to live comfortably. That's why workers are advised to save independently for retirement -- to avoid a financial crunch later in life. In fact, as a general rule, it's a good idea to close out your career with 10 times your ending salary socked away in a 401(k) or IRA. But what if you're midway through your working years, or even further along, and you fear you're nowhere close to meeting that goal? Here's how to avert a personal financial disaster during your senior years.
Whoa, let's back up. If you're short on savings, the best thing you can do is increase the amount of money you're putting into your retirement plan, right? Well, sure, that's a smart thing to do.
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Source Fool.com
