Retirement

After two failed marriages I’m forced to start from scratch 0 dollars left, earlier this year I started putting 186.00 every two weeks in a 401k .should I start putting more or shift this to a 457 deferred comp account.what else can I do to help with my retirement .my salary is 32.92 per hr

Terry Says:  A bad marriage is worse than a bear market for your finances.  I’m glad you’re trying to start savings again.  If your employer matches your 40l(k) contribution, that is the best place to start.  But I’m just assuming that you are well on into your work life –and moving closer to retirement age.  Well, “retirement age” likely won’t apply — because you will have to keep working probably far longer than you hoped for.

Is there any chance you would get a job on weekends, maybe not in your own occupation– but even working in a store or restaurant? I ask because all the money you can put away now (this extra money in a Roth IRA) will grow for you to use in your later years.  And try to defer taking Social Security as long as possible, even until age 70 — so you will get a larger check down the road.

It is never too late to start over! I can promise you that.