Speeding Toward Retirement With a Savings Shortfall? Here's What to Do

Speeding Toward Retirement With a Savings Shortfall? Here's What to Do

You'll often hear that it's a good idea to kick off retirement with 10 to 12 times your ending salary in savings. The logic is that a sum that size should be enough to help you cover your bills on top of your Social Security benefits. While it may be disappointing to fall short on your savings goals, your senior years aren't necessarily ruined.