Speeding Toward Retirement With a Savings Shortfall? Here's What to Do
You'll often hear that it's a good idea to kick off retirement with 10 to 12 times your ending salary in savings. The logic is that a sum that size should be enough to help you cover your bills on top of your Social Security benefits.
But what if retirement is rapidly approaching and you're nowhere close to hitting that milestone? If so, don't panic. While it may be disappointing to fall short on your savings goals, your senior years aren't necessarily ruined. But here are a few things you should do if you're facing a savings shortfall and don't have many years left in the workforce to compensate.
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Source Fool.com
