Realizing that your retirement nest egg has dwindled away is a common symptom of this current recession; the good news, however, is that there are ways to go about rebuilding your funds. This realization, however, has not yet arrived for the 60 percent of baby boomer investors who, according to a recent study conducted by Bell Investment Advisors, have put off retirement for one to four years due to lost investments and inflated prices.
Procrastination is a fatal flaw as it takes time to rebuild the nestegg and it's important to have a balanced portfolio that can deliver good returns at a low risk. Here are the summarized steps:
- Continue Funding Your 401k.
- Work a Few More Years.
- Diversify Your Investments.
- Try a Guaranteed Annuity.
- Cut Back on Some Expenses.
- Don't Give Up.
