A new study by the National Bureau of Economic Research tells us that if you are behind on your retirement savings in your forties and fifties, all is not lost. You will still have time to make up much of the gap. The only catch is, you may have to work a little longer than anticipated.

And that’s good news, considering recent data tells us that 43% of Americans born between 1965 and 1979 say they are behind in their savings. And 17% say they have no savings whatsoever.

The study suggests that by working just a few more years, workers can increase their retirement income by nearly one-third. Read more here.

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