If you have even $1 saved for retirement, it might surprise you to know that you're doing better than a lot of other Americans. A recent Federal Reserve report found that nearly a quarter of working Americans don't have any retirement savings at all. This problem was worst among adults 18 to 29, with 42% saying they hadn't started saving, but perhaps more concerning is the 13% of Americans 60 and older who said they had no money to fall back on in retirement.
If you're one of those Americans who has not begun saving yet, it's time to change that. It probably won't be easy, especially for those who have been hit hard by the coronavirus pandemic and recession, but there are still a few steps you can take now to set yourself up for retirement. Do these three things first.
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