Late to Retirement Planning? 7 Strategies to Help You Catch Up to Your Peers.

2025-12-08 17:35:00 ET

If you're late getting to planning for your retirement, you're not alone. A recent Motley Fool research report on Americans' readiness for retirement notes that "47% of working households are in danger of not having enough retirement savings, according to analysis from the Center for Retirement Research at Boston College." It added that, "The median retirement account value in 2023 was $87,000." Yikes.

Fortunately, as long as you still have some time before you retire, there are numerous strategies you might employ to get in much better financial shape before retirement. Here are some to consider.

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