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If you're lagging in retirement savings, taking immediate action is crucial. Start by maximizing contributions to retirement accounts, especially if you're 50 or older, which allows for catch-up contributions. Additionally, cutting expenses and downsizing your home can release funds for savings. Generating extra income through side gigs or investments may also propel your savings. While a conservative investment strategy can yield moderate returns, consider balanced portfolios for greater potential growth.
Source: YAHOO