Turning 50 could cause you to take another look at your retirement savings. If your balance is lower than expected, you may wonder whether you’ve fallen too far behind to reach your goals. The good news is that your current balance is only part of the picture. Depending on when you expect to retire, you might still have options to grow your nest egg.
What the Math at 50 Can Tell You
The next 10 to 20 years may have a larger effect on your retirement savings than you expect. Every contribution you make still has time to grow, and each year you continue working gives you another chance to add to your retirement accounts.
Your 50s can also bring…
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