How to save for retirement in your 50s
Research shows that many Americans enter their 50th decade feeling financially unprepared for the road ahead. According to Godman Sachs, not only is Generation X the first to rely primarily on their 401(k) plans, they’re also more likely to report that they’re behind on retirement.
But experts say that although the shift from saving for retirement to living in retirement can be stressful, it is still possible to get into financial shape in your 50s.
From coming up with a vision for what you’d like retirement to look like, to setting limits with your children, here are some ways to begin thinking about saving for what’s to come.
Read more: CNBC
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