Want to Retire Rich? Here's the Tough-Love Answer

If you're like most Americans, then you aren't saving enough for retirement, which could be a major problem for you later in life. There are plenty of ways to increase the size of your eventual nest egg, but one strategy is simpler and more effective than the rest.

Some studies indicate that the average American in their 60s has around $200,000 saved for retirement. Others have found results that are even lower, but even $200,000 is not good enough.

Source Fool.com