More than half of baby boomers say they don’t have enough saved for retirement. 6 of the simplest ways to catch up fast

Core Insights - A significant portion of Americans, 65%, believe that the rising cost of living will hinder their retirement enjoyment, with 54% of baby boomers indicating they are not saving enough for retirement [2] - Nearly half of Americans lack clarity on their retirement savings goals, while those who do estimate needing $3,327,000 for a comfortable retirement [3] Group 1: Retirement Savings Strategies - Individuals can start saving for retirement with small, consistent investments, such as $10 a week, which can accumulate over time if invested wisely [4] - Acorns offers a service that rounds up purchases to the nearest dollar, investing the spare change into a portfolio, potentially yielding $900 annually from daily round-ups of $2.50 [5][6] - Utilizing employer 401(k) matching programs and increasing contributions with raises or bonuses can significantly enhance retirement savings [7] Group 2: Alternative Investment Options - Investing in a gold IRA can provide inflation protection and tax advantages, making it an appealing option for retirement savings [8] - Gold IRAs allow for the holding of physical gold or related assets within a retirement account, combining tax benefits with the protective qualities of gold investments [9]