Saving for retirement can't be done at the last minute; it takes decades of consistent effort to save hundreds of thousands of dollars. When you start early, you still have compound interest on your side. But the longer you wait to begin stashing money in your retirement account, the more you'll need to save each month.
If you've reached your 40s with nothing in your retirement fund, it will be more challenging to retire comfortably. But it can be done if you follow these three steps.
Katie Brockman | The Motley Fool