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What to do for retirement savings if you are in your 50s
Maurie Backman explains that all people will need additional money outside of Social Security to make sure they are able to easily cover regular bills, even those who say they are willing to lead a relatively low-key lifestyle during retirement. She cites a recent survey by Personal Capital on how retirement savers fared in the course of the coronavirus pandemic, and it found that the median savings balance as of the end of 2020 among people in their 50s was $461,779. Backman explains being invested in stocks is key to accumulating savings. Full article here.
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