I'm in my 50s with only $150k saved for retirement - have I started too late?
Briefly

from 24/7 Wall St.3 months ago
This article emphasizes that many Americans are falling behind on retirement savings due to economic challenges, but comparing oneself to averages can be counterproductive.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-50s-with-only-150k-saved-for-retirement-have-i-started-too-late/
While many may fall behind on retirement goals due to career disruptions, those who start late should ramp up their savings and investments strategically.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-50s-with-only-150k-saved-for-retirement-have-i-started-too-late/
The common rule of thumb suggests having saved three to six times one's annual salary by age 50, but individual circumstances vary significantly.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-50s-with-only-150k-saved-for-retirement-have-i-started-too-late/
The article encourages individuals to focus on optimizing their 401(k) and investing in vehicles like the S&P 500, especially if they’ve started saving late.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-50s-with-only-150k-saved-for-retirement-have-i-started-too-late/
Read at 24/7 Wall St.
#retirement-planning #savings #investing #financial-literacy #economic-challenges
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