Despite being years away for many, saving for retirement is important now. Business Insider shares three ways you can kick-start your savings so you'll be prepared once retirement rolls around.
More than half of Americans are not on track in their retirement savings, according to a new assessment survey by Fidelity Investments.
A whopping 55% of those surveyed will likely not have enough money to cover their essential living expenses in retirement, including housing, health care, and food, the survey found. What's more, the research indicates that the average working American is on track to cover just 74% of their estimated expenses in retirement.
Fidelity recommends several actions that Americans can take regardless of income levels to accelerate their retirement savings. While some are more obvious — save more, retire later, and make sure your asset allocation is appropriate for your age — a few strategies are not as well known. Here are three surprising ways to boost your retirement readiness: