Nearing Age 50 with $0 Saved for Retirement? Don't Panic -- Read This First
I recently ran across a post on social media from someone who was scared. She explained that she had $0 saved for retirement and was approaching age 50. I could appreciate her fear. She was probably despairing, perhaps assuming that most people were in much better shape than she was, financially.
She's actually not that unusual. Many millions of Americans have little-to-nothing saved for retirement. That's never a good situation, but for many of them, all is not lost. Many still have time to vastly improve their future financial security. If you -- or someone you care about -- are approaching retirement with little or nothing saved, read on, because things may not be quite as bad as you thought.
Image source: Getty Images.
Source Fool.com
