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10 Simple Ways Baby Boomers Can Catch Up on Retirement Savings

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 11: Listen up, baby boomers. Almost 40 percent of adults 55 and older have less than $50,000 in retirement savings and about one-third have less than $10,000 saved. That means many of you have a lot of catching up to do before you punch the clock for the last time.Some boomers are fortunate to have a job with a pension. People without that guaranteed source of income or any savings will be forced to survive on Social Security benefits or the support of their children. In some cases, baby boomers simply might not be able to retire at all. The good news is, there are actions you can take to boost your retirement savings and catch up.Click through to learn expert tips to catch up on retirement savings.

10 Simple Ways Baby Boomers Can Catch Up on Retirement Savings

Listen up, baby boomers. Almost 40 percent of adults 55 and older have less than $50,000 in retirement savings and about one-third have less than $10,000 saved. That means many of you have a lot of catching up to do before you punch the clock for the last time.

Some boomers are fortunate to have a job with a pension. People without that guaranteed source of income or any savings will be forced to survive on Social Security benefits or the support of their children. In some cases, baby boomers simply might not be able to retire at all. The good news is, there are actions you can take to boost your retirement savings and catch up.

Click through to learn expert tips to catch up on retirement savings.

© adamkaz / Getty Images

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