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Average Retirement Savings by Age 60: Are You Ready to Retire? 🏖️ | Planning for retirement can feel overwhelming, especially as you approach 60. This video breaks down the average retirement savings for people at this milestone age, comparing real data and expert recommendations. Discover how your savings stack up, the factors that impact retirement readiness, and actionable steps to boost your financial security. Whether you're ahead, behind, or somewhere in the middle, it’s never too late to start planning for a comfortable retirement. 00:00:00 Are Your Retirement Savings Enough? 00:01:24 Understanding Retirement Savings Accounts 00:02:52 How Much Money Do You Need to Retire at 60? 00:04:21 Tailoring Your Retirement Savings for Longevity 00:05:45 Understanding Retirement Income Sources 00:07:08 Understanding Social Security and Retirement Income 00:08:33 Strategies for Boosting Retirement Savings 00:09:55 Boost Retirement Savings with Catch-Up Contributions 00:11:25 Maximize Retirement Savings with 401k and IRA Contributions 00:12:59 Will Your Savings Truly Set You Free? #retirementplanning #retirement #passiveincome