4 Ways to Catch Up on Retirement Savings

If you're feeling unprepared for retirement, you're not alone. According a study by the U.S. Government Accountability Office, nearly one-third of households led by those 55 and older have no retirement plan savings at all. However, it's never too late to save for retirement. Remember, your retirement investment time horizon is your life expectancy, not your retirement date. Here are four strategies to catch up on retirement savings.

I'm looking forward to turning 50 years old in a few years. It's not because I'm particularly excited about being half a century old; it's because I'll be able to save more money because of the tax provisions for retirement catch-up savings.

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Source: Fool.com