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If you\u2019re planning on putting your feet up by the coast and sipping margaritas in your golden years, make sure you\u2019ve got the funds for it. These days, even a seven-figure net worth may not be enough to pay for the retirement of your dreams.<\/p>\n
Almost 50% of investors say it \u201cwill take a miracle\u201d to retire securely, according to the 2025 Natixis Global Retirement Index (1). Of the individuals surveyed, 23% of those who are already retired felt that they needed “divine intervention” to live securely.<\/p>\n
The survey also found that about 25% of all people surveyed and 21% of people who do have $1 million or more fear they’ll never have enough money saved to retire.<\/p>\n
But it\u2019s never too late to get your retirement savings in fighting form with these three steps to catch up on saving and help secure your retirement.<\/p>\n
Before you bolster your retirement savings you\u2019ll want to get any debt cleared<\/a>.<\/p>\n Paying down your debt can open the door to the lifelong contributions needed to achieve your financial goals and secure your retirement. However, this can take up a lot of time, which can cut into your ceiling of life-time savings.<\/p>\n 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 sits on roughly $311,000 in equity as of the third quarter of 2024, according to CoreLogic.<\/p>\n Rates on HELOCs and home equity loans are typically lower than APRs on credit cards and personal loans, making it an appealing option for homeowners with substantial equity.<\/p>\n Read More: Approaching retirement with no savings? Don\u2019t panic, you’re not alone. Here are 6 easy ways you can catch up (and fast)<\/a><\/p>\n When it comes to retirement it\u2019s important to remember that you don\u2019t have to do it all on your own. Setting yourself up for your golden years is already nerve-racking enough \u2014 especially with rising market uncertainty and recession fears.<\/p>\n Finding a financial advisor that suits your specific needs and financial goals is simple with Vanguard.<\/p>\n Story Continues <\/p>\n Vanguard\u2019s hybrid advisory system combines advice from professional advisers and automated portfolio management to make sure your investments are working to achieve your financial goals<\/a>.<\/p>\n With a minimum portfolio size of $50,000, this service is best for clients who already have a nest egg built and would like to try to grow their wealth with a variety of different investments. All you have to do is set up a consultation with a Vanguard advisor<\/a>, and they will help you set a tailored plan and stick to it.<\/p>\n Creating a diversified portfolio with assets that traditionally fare well over economic cycles is a great way to boost your retirement fund.<\/p>\n Real estate is known to yield steady returns while diversifying your portfolio. However, investing in real estate as an asset class has been out of reach for the average investor.<\/p>\n New investing platforms are making it easier than ever to tap into the real estate market.<\/p>\n Lightstone DIRECT<\/a> offers accredited investors access to institutional-quality multifamily and industrial real estate \u2014 with a minimum investment of $100,000.<\/p>\n Founded in 1986 by David Lichtenstein, Lightstone Group is one of the largest privately held real estate investment firms in the U.S., with more than $12 billion in assets under management.<\/p>\n Over nearly-four decades, their team has delivered strong, risk-adjusted performance across multiple market cycles \u2014 including a 27.5% historical net IRR and a 2.49x historical net equity multiple on realized investments since 2004.<\/p>\n With Lightstone DIRECT, you gain access to that proprietary deal flow<\/a>.<\/p>\n Here\u2019s the kicker: Lightstone invests at least 20% of its own capital in every deal<\/a> \u2014 roughly four times the industry average. With its skin in the game, the firm ensures its interests are directly aligned with those of its investors.<\/p>\n Another way to diversify your portfolio is through alternative assets like art, which has a low correlation with stocks and bonds.<\/p>\n Many investors consider it an asset reserved for the top 1%, but that\u2019s no longer the case.<\/p>\n Now, with Masterworks<\/a>, you can buy fractional shares in multimillion-dollar works by icons like Banksy, Picasso and Basquiat. While art can be illiquid and typically requires a long-term hold, it offers unique portfolio diversification.<\/p>\n Masterworks has sold 25 artworks so far, yielding net annualized returns like 14.6%, 17.6%, and 17.8%.*<\/p>\n Moneywise readers can get priority access to diversify with art: Skip the waitlist here<\/a><\/p>\n *Past performance is not indicative of future returns. Investing involves risk. See important Regulation A disclosures at Masterworks.com\/cd<\/a><\/p>\n We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines<\/a>.<\/p>\n