It’s understandable: You were working tirelessly to provide for your family. Maybe you prioritized your children going to college, or maybe you dealt with serious health issues. Maybe you didn’t make the best decisions along the way. But in any case, you reached your 50s and don’t have retirement savings. Now, what do you do?
First of all, you’re not alone. Almost half of U.S. households don’t have retirement accounts, according to the Survey of Consumer Finances (SCF). This includes individual retirement accounts (IRAs), Keogh accounts, and certain employer-sponsored accounts, such as 401(k) and 403(b).
