BUSINESSWEEK ONLINE : JULY 17, 2000 ISSUE
COVER STORY Strategies for Catching Up If you haven't been as diligent about saving for retirement as you should have, here are ways to give yourself a financial boost: -- Make a savings plan and stick to it. Contribute the maximum to your retirement accounts. Don't sabotage your efforts by taking out the money early. -- Become a savvy investor. Educate yourself about where to invest. Keep a close eye on your portfolio to minimize losses from mistakes or outdated investment priorities. -- Downsize your life by cutting out nonessential expenses. Forgoing that $3 latte every morning can really add up. -- Make the most of your home equity to generate retirement savings or income. Consider selling that big old house, buying a smaller, less expensive place, and putting the rest of the proceeds in investments that generate higher returns. -- Move to a less expensive location where you'll save on taxes and daily costs. -- Readjust your work plans, even if it means delaying retirement, so that your pension and other savings will have more time to grow. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS It's Never Too Late to Make a Plan TABLE: Help on the Web TABLE: Strategies for Catching Up INTERACT E-Mail to Business Week Online

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