Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Caught up on Your Retirement Savings? Here Are 10 Easy Steps!

November 6, 2020 · Saving & Spending

Baby boomers, it’s time to take a good, hard look at your retirement savings. The frightening reality is that 40% of people over the age of 55 have less than $50,000 while one third have even less than $10,000. Does that sound like a comfortable nest egg?

Are you part of these statistics?

Very few seniors nowadays have jobs that offer pensions. There are very few industries that still offer them such as the military, nursing, teaching, and a handful of others.

So, the remaining options are saving accounts, 401(k)s if they are offered by your employer, support from family members, or surviving off Social Security alone. With a small nest egg, seniors are therefore forced to change their lifestyles altogether or to work during retirement.

So, if you’re nearing retirement age, it’s time to find out what you can do to boost your savings!

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A warm mid-century gouache illustration of an older couple happily planning a trip to Europe with a colorful map on their kitchen table. The Cheapest Months to Fly to the Most Popular European Destinations
  • An older woman smiling and laughing while talking on her phone at a sunlit kitchen table with a mug of tea. Telephone Reassurance Programs: Getting Paid to Chat With Seniors
  • An older woman at her sunlit dining table organizing paperwork and folders. Supplemental Security Income: Do You Qualify for Extra Help?
  • An older man happily restoring a wooden chair in his sunlit home workshop, symbolizing flexible and rewarding part-time work. 8 Flexible Part-Time Work That Won't Affect Your SS Benefits
  • A retired woman sits thoughtfully at her sunlit kitchen table, reviewing papers and bills with a warm mug of tea nearby. 16 Things Retirees Often Overpay For Without Realizing
  • An older couple stands on their porch during sunset, looking at a moving truck parked in their driveway. Retirees Regret Choosing These 5 States (Based on Cost and Lifestyle)
  • An older couple sitting at a wooden kitchen table reviewing organized tax documents in warm morning light, representing tax planning. 5 Tax Breaks You Can Claim Without Itemizing in 2026
  • An editorial illustration of a retired couple rolling back a rug to reveal hidden wealth and resources beneath their floorboards. The Retirement Benefits Beyond Traditional Checks - Find Them Here!
  • An editorial gouache illustration showing a stylized Social Security card sliced at the top, revealing gold coins inside. Could Social Security Taxes Change Again?
  • An editorial gouache illustration showing stylized hands adjusting a large monthly benefit check with a ruler and compass. The Benefit Rule That Could Affect Your Monthly Check

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

Do You Want to Retire in 2021? Click for Your Final 6 Steps!

Many older American adults look forward to their retirement years. During this stage of your…

Read More →

Not A Member? Here’s 9 Ways You Can Still Shop At Costco

Having a household to run, no matter the size requires some strategic planning saving and…

Read More →
Happy seniors at shopping

16 Surprising Places With Great Discounts for Seniors

Discover 16 surprising places offering great senior discounts on groceries, travel, retail, and dining, plus…

Read More →

8 Things That Affect Your Social Security Income

After years and years of hard work, you are entitled to receive every last penny…

Read More →

18 Things Seniors Should Consider Before Downsizing

Seniors all around the States chose to relocate during retirement for one reason or another.…

Read More →
A retired couple standing on a wooden deck at sunset, looking out over a peaceful valley landscape with rolling green hills.

7 States Where Retirees Pay the Least in Overall Living Costs

Discover the 7 cheapest states for retirees in 2026. Learn how low cost of living,…

Read More →

8 Crucial Things Most Retirees Don’t Know About Taxes in Retirement

After long years of hard work, you just want to sit back, relax, and enjoy…

Read More →

16 Ways to Get Back on Track After Devastating Financial Mistakes

If you’re in a financial hole you may think it’s impossible to dig yourself out.…

Read More →
A happy senior couple enjoying a bright, modern kitchen together.

15 Things That Make Seniors’ Lives Easier

Discover 15 practical tools, home modifications, and services designed to simplify daily routines, enhance safety,…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.