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60 years old with just $5,000 saved for retirement — 7 moves that could still make a difference
Key takeaways
- Steve, a 60-year-old retail worker, has managed to save about $5,000 in a Roth IRA while earning a low wage and struggling to get ahead.
- While catching up to traditional retirement savings targets may be out of reach, there are still some strategies he can take that can improve his retirement security over the next decade.
- Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
Steve, a 60-year-old retail worker, has managed to save about $5,000 in a Roth IRA while earning a low wage and struggling to get ahead. With retirement coming up quickly, Steve is wondering what many older workers also are worrying about: Is it too late to turn things around?
The reality is sobering but not hopeless. While catching up to traditional retirement savings targets may be out of reach, there are still some strategies he can take that can improve his retirement security over the next decade.
Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
Article preview — originally published by Yahoo Finance. Full story at the source.
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