Sorely Lacking in Retirement Savings? Here's How to Compensate.

There's a reason workers are advised to save money for their golden years: Social Security will only replace about 40% of the typical earner's pre-retirement income, and most seniors need about twice that amount to live comfortably.

But what if saving for retirement just isn't in the cards? What if your near-term expenses eat up all of your income, and despite your best efforts, you're just not able to build up a decent nest egg by the time your career comes to a close?

Though entering retirement with little savings (or, worse yet, no savings at all), is clearly far from ideal, if that's the scenario you're facing, don't give up. A few key moves could help make up for your lack of savings and put you in a better position to salvage your golden years rather than struggle through them.

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Source Fool.com