1 Easy Trick to Saving More for Retirement
It's an unfortunate fact that a lot of Americans are drastically behind on their retirement savings. Close to half of baby boomers have absolutely nothing saved for retirement, a report from the Insured Retirement Institute found, and among those who do have something saved, 28% have less than $100,000.
Most retirees, however, will likely need several hundred thousand dollars in savings to live comfortably in retirement. The average retiree only receives around $18,000 per year in Social Security benefits, and if you have no other source of income in retirement, you'll need a hefty nest egg to survive financially.
The good news is that it's easier than you may think to give your savings a boost. With a simple shift in your thinking, you can potentially save thousands more for retirement.
Source Fool.com
