What to Do If You Can't Afford to Save for Retirement
Financial experts traditionally recommended saving 10% of your annual income for retirement. However, with longer life spans and lower interest rates, you probably need to save about 15% if you hope to be comfortable as a senior.
Unfortunately, this may seem impossible. In fact, many families struggle to save anything for retirement at all. If this sounds like you, figuring out a way to boost your savings rate is essential. After all, Social Security can't support you by itself, and while you may plan on working late into traditional retirement years, that isn't always possible.
So, how can you increase the amount you're saving? Here are five things to try.
Source Fool.com
