YOU’RE BUSY WITH YOUR CAREER, maybe buying a home, having kids, saving for college—even starting a business. It’s the stuff of life—and retirement often takes a back seat to all of those immediate financial priorities. Suddenly, you’re hitting your 40s or 50s, and you realize you’ve fallen behind on planning for your future.
So how can you catch up? Debra Greenberg, Director, Personal Retirement Strategy and Solutions at Bank of America Merrill Lynch, has the following suggestions—each of which can help you get closer to your retirement goals. “Don’t be discouraged,” Greenberg says. “Even seemingly small amounts can add up over the years, and taking action now increases the likelihood you’ll be better prepared to meet any unexpected challenges that come your way.”