Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below.
If you plan to lounge by the coast and drink margaritas in your golden years, make sure you have the funds for it. Today, even a seven-figure net worth may not be enough to pay for the retirement of your dreams.
Nearly 50% of investors say “it will take a miracle” to retire safely, according to the Natixis Global Retirement Index 2025 (1). Of those surveyed, 23% of those already retired felt they needed “divine intervention” to live safely.
The survey also found that about 25% of all people surveyed and 21% of people with $1 million or more fear they will never have enough money saved to retire.
But it’s never too late to supercharge your retirement savings with these three steps to catch up on your savings and help secure your retirement.
Before bolstering your retirement savings, you’ll want to pay off any debt.
Paying off your debt can open the door to the lifetime contributions needed to achieve your financial goals and secure your retirement. However, this can be time-consuming, which can reduce your lifetime savings limit.
With home values higher than ever, you can make your home work harder for you by making the most of your equity. The average homeowner has approximately $311,000 in equity in the third quarter of 2024, according to CoreLogic.
Rates on HELOCs and home equity loans are typically lower than APRs on credit cards and personal loans, making them an attractive option for homeowners with substantial equity.
Read more: Is retirement approaching without savings? Don’t panic, you are not alone. Here are 6 easy ways to catch up (and quickly)
When it comes to retirement, it’s important to remember that you don’t have to do everything yourself. Preparing for your golden years is stressful enough, especially with growing market uncertainty and recession fears.
Finding a financial advisor that meets your specific financial needs and goals is easy with Vanguard.
Vanguard’s hybrid advisory system combines advice from professional advisors and automated portfolio management to ensure your investments work to achieve your financial goals.
With a minimum portfolio size of $50,000, this service is best for clients who already have savings built up and would like to try to grow their wealth with a variety of different investments. All you have to do is schedule a consultation with a Vanguard advisor, and they will help you establish a personalized plan and stick to it.
Building a diversified portfolio with assets that traditionally do well during economic cycles is a great way to boost your retirement fund.
Real estate is known to generate consistent returns while diversifying your portfolio. However, investing in real estate as an asset class has been out of reach for the average investor.
New investment platforms are making it easier than ever to access the real estate market.
Lightstone DIRECT offers accredited investors access to institutional quality multifamily and industrial real estate, with a minimum investment of $100,000.
Founded in 1986 by David Lichtenstein, Lightstone Group is one of the largest private real estate investment firms in the United States, with more than $12 billion in assets under management.
For nearly four decades, his team has delivered strong, risk-adjusted performance across multiple market cycles, including a historical net IRR of 27.5% and a historical net equity multiple of 2.49 times on investments made since 2004.
With Lightstone DIRECT, you get access to that proprietary transaction flow.
Here’s the kicker: Lightstone invests at least 20% of its own capital in each deal, about four times the industry average. With its skin in the game, the company ensures that its interests are directly aligned with those of its investors.
Another way to diversify your portfolio is through alternative assets like art, which has a low correlation with stocks and bonds.
Many investors consider it an asset reserved for the top 1%, but that is no longer the case.
Now, with Masterworks, you can buy fractional shares of multi-million dollar works by icons like Banksy, Picasso and Basquiat. While art can be illiquid and typically requires long-term holding, it offers unique portfolio diversification.
Masterworks has sold 25 works of art so far, generating annualized net returns of 14.6%, 17.6% and 17.8%.*
Moneywise readers can get priority access to branch out with art – skip the waitlist here
*Past performance is not indicative of future returns. Investing involves risk. See important Regulation A disclosures at Masterworks.com/cd
We rely only on verified sources and credible third-party reports. For more information, see our editorial guidelines and ethics.
Natixis Global Retirement Index 2025 (1);
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
