If you haven’t started saving yet, you’re not alone. According to Northwestern Mutual’s 2018 Planning & Progress Study, about 1 in 5 Americans have nothing saved for retirement.
And the average American has $84,821 saved for retirement, which is far less than the $1 million to $1.5 million that’s recommended.
These numbers paint a bleak picture, suggesting many Americans will not have the means to support themselves later in life.
So how can you stay ahead of the curve and support yourself after you’ve stopped working? First, make sure you’re not