Maximize Retirement Savings: Strategies for 55-64 Year Olds
Update: 2025-11-25
Description
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.
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