How to Retire With $250K in Savings | Retirement

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If you’re barreling toward retirement, but have just $250,000 in savings, don’t throw in the towel.

There are ways to efficiently make that money work for you in your golden years. You’ll need some external financial help, but that’s a job that can be accomplished – if you plan right.

Take these action steps to get where you need to be with less-than-optimal retirement savings.

1. Get an annuity.
2. Use catch-up retirement plan contributions.
3. Leverage your home.
4. Stay in the workforce.
5. Balance your budget with safe investments.

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