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One in five Americans over the age of 50 have no retirement savings, according to a survey by the AARP.<\/p>\n
And even if you have something tucked away, it may not be enough \u2014 though that is something you can change even late in the game.<\/p>\n
According to The Federal Reserve, the median retirement savings for households with members between ages 55 and 64 is around $185,000 \u2013 likely not enough for a comfortable retirement.<\/p>\n
It\u2019s never too late to ramp up your retirement savings \u2014 so here are four tips to secure your nest egg.<\/p>\n
You don\u2019t have to navigate your retirement savings alone. People who work with financial advisors<\/a> see a 3% increase in net returns, according to a report from Vanguard.<\/p>\n There are free online services that are designed to match you with experienced financial advisors who can assess your financial situation and tell you if you\u2019re on the right track for retirement.<\/p>\n Advisor.com<\/a>, for example, is an online platform that simplifies the process of finding a financial advisor you can trust. They match you with several vetted fiduciary advisors who are evaluated based on their credentials, education, experience and pricing.<\/p>\n Three easy steps to get matched with a financial advisor.<\/p>\n Step 1: Answer a few quick questions about yourself and what you would like help with.<\/p>\n<\/li>\n Step 2: Advisor.com will match you with a vetted advisor who can provide you with a personalized plan to meet your financial goals.<\/p>\n<\/li>\n Step 3: Book a free, no-obligation consultation to confirm if your match is right for you.<\/p>\n<\/li>\n<\/ul>\n Read more: Rich, young Americans are ditching stocks \u2014 here are the alternative assets they’re banking on instead<\/a><\/strong><\/p>\n With the economy in such a volatile state amid high inflation and stock market uncertainty, your 401(k) or IRA \u2014 and your retirement itself \u2014 could be at risk.<\/p>\n A Gold IRA is a great alternative to protect and grow your nest egg. Unlike the U.S. dollar, which has lost 87% of its purchasing power since 1971, gold\u2019s purchasing power tends to remain stable over time.<\/p>\n Story Continues <\/p>\n Gold is regarded as a hedge against inflation for a simple reason: It can\u2019t be printed out of thin air like fiat money.<\/p>\n The enthusiasm of investors has indeed propelled the price of gold to record levels with the precious metal recently surging past the $2,700 per ounce mark.<\/p>\n So what better asset to help bolster your retirement savings?<\/p>\n<\/p>\n Optening a gold IRA with the help of Thor Metals<\/a> not only gives you access to the hot commodity, but also provides significant tax advantages.<\/p>\n Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, which combines the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties.<\/p>\n To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals<\/a> on qualifying purchases.<\/p>\n You don\u2019t always have to put away large sums to move toward your retirement goals. Ten dollars a week could make a difference \u2013 if you\u2019re smart about what to do with your spare change.<\/p>\n When you make a purchase on your credit or debit card, Acorns<\/a> automatically rounds up the price to the nearest dollar and places the excess \u2014 the coins that would wind up in your pocket if you were paying cash \u2014 into a smart investment portfolio<\/a>.<\/p>\n Let\u2019s say you purchase a doughnut for $2.30. Before you\u2019re done licking the sugar off your fingers, Acorns will round the amount to $3.00 and invest the 70-cent difference for you.<\/p>\n Look at this math: $2.50 worth of daily round-ups add up to $900 per year \u2014 and that\u2019s before your savings earn money in the market.<\/p>\n Plus, if you sign up now, you can get a $20 bonus investment<\/a>.<\/p>\n Real estate is an asset class that has historically been reserved for investors with a lot of capital.<\/p>\n You can tap into this market by investing in shares of vacation homes or rental properties through Arrived<\/a>.<\/p>\n Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property.<\/p>\n To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100<\/a>, potentially earning quarterly dividends.<\/p>\n\n