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1 Retirement Savings Hack That Could Boost Your Savings by $219,000

TheMotleyFool

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1 Retirement Savings Hack That Could Boost Your Savings by $219,000: https://g.foolcdn.com/editorial/images/752099/person-sitting-on-the-floor-looking-at-a-laptop.jpg

Saving for retirement is tough, and if you're falling behind, you're not alone. The average retirement account balance is around $113,000 as of 2022, according to Vanguard's most recent "How America Saves" report, and the median balance is only around $27,000.

However, as retirement costs continue to rise and Social Security faces ongoing financial struggles, workers may need to save more than ever to retire comfortably.

Image source: Getty Images.

Source Fool.com

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