Key Highlights
- Automate your savings from the start to avoid temptation.
- Don't leave any free money on the table.
- The $23,760 Social Security bonus most retirees completely overlook › Saving for retirement can be frustrating.
- After all, when you have near-term bills to pay, it can be tough to tell yourself, "I'll just pinch pennies this month so I can save this $200 for when I'm 70." But the reality is that you need to save for retirement if you want your senior years to be comfortable.
- Social Security will replace only about 40% of your preretirement paycheck if you earn an average wage.
