Maximize Retirement Savings: Strategies for 55-64 Year Olds

For Americans aged 55-64, retirement savings average around $8,000, a figure that grows with age but still falls short of whats needed for a 30-year retirement. Financial experts stress the importance of continued investment, even in retirement. Catch-up contributions and increased financial flexibility can boost savings. High-yield savings accounts and CDs offer secure, accessible options for short-term savings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.