In Your 60s With No Retirement Savings? Do These 3 Things to Avoid Having to Live on Social Security Alone.
The average baby boomer today has $120,300 in retirement savings, according to Northwestern Mutual. But your savings balance may be a lot lower if you never got an opportunity to fund an IRA or 401(k) while you were working.
It's not unheard of to reach your 60s with no retirement savings. But if you're on the cusp of wrapping up your career, you may be resigned to live on Social Security alone.
Image source: Getty Images.
Source Fool.com