Don’t Let Your Retirement Savings Slip Away

It’s never too late to start saving for retirement. It may not be easy if you get a late start, but it is possible. Here are three effective ways you can help build your retirement cushion back up to where it should be:

Be aggressive about saving money. Discipline yourself when it comes to budgeting. Think about downsizing your home after the children move out to save a little extra money.

Delay your retirement. This allows you more time to save and for your current savings to grow. Even just a couple of years can make a difference.

Take Social Security as late as possible. People that hold off until they turn 70 rather than 65 experience a higher investment balance.

For more information on how to save for retirement, visit The Wall Street Journal.

*To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or tax related matter.