 TITLE: How Much Money Should You Have Saved by 60? CONTENT: How to Save More Money for Retirement\n-------------------------------------\nRegardless of where you are in your retirement savings journey, you may want to take this opportunity to save a little more. How can you save more for retirement during the home stretch of your working life?\n*   **Max out your** **401(k) contribution**, especially if your employer matches it.\n*   **Contribute to a separate IRA or Roth IRA.** Your contribution to a traditional IRA may be tax-deductible. Roth IRA contributions are not tax-deductible, but your future retirement withdrawals are tax-free.\n*   **Check up on your investments.** Can your money work harder for you? Even a small tick-up in interest, dividends or investment value adds up over the years.\n*   **Convert to a retirement lifestyle now.** An empty nest, changing work requirements, a simpler life—some elements of a less expensive retired lifestyle may be available to you now. Are you thinking of downsizing your home? If so, you might see multiple benefits:\n    *   Your home sale could generate a net profit that you can add to your retirement savings now.\n    *   You could reduce or eliminate your mortgage payment, which would increase your current monthly income and ability to contribute to retirement.\n    *   You could get a jump on enjoying a less work-intensive lifestyle by moving to a home with no yard work, for example.\n*   **Find an encore career.** Does converting to part-time work or consulting make long-term employment seem more appealing? Is there another type of work you might enjoy, even if it paid less? A new career could bridge the gap between your current job and no job at all.\n*   **Reimagine your retirement.** Your post-career life doesn't have to be expensive or income-free. Now's a great time to look for opportunities to make your post-retirement life sustainable. Rent out your house and live on a sailboat. Teach English abroad. Take up house or dog sitting. So many life pressures are about to shift: Figure out what you want now. END