Over 50 and Starting Late? How to Catch Up on Retirement Savings Starting In 2026

Now, it may seem impossible to invest $32,500 or anything close to that amount. But you can work to increase your contributions and get as close as possible. One of the best ways to do that is to reduce fixed expenses. It is much harder to sustain many small cuts to discretionary spending over long periods than it is to just make one or two big lifestyle changes that can free up a lot of money to consistently invest.If you can max out these accounts, including catch-up contributions, you will get back on tr ...