Josh, a 50-year-old with only $60,000 saved for retirement, faced setbacks when he had to quit his job to care for his sick parents. Now back in the workforce with a $40,000 salary, he’s looking to rebuild his retirement plan. Many Americans, like Josh, are considering delaying retirement due to insufficient savings, worries about inflation, and fears of a market downturn. A recent survey found that 70% of respondents are delaying retirement, with 51% fearing their savings will run out. The median retirement savings for Americans is $87,000, highlighting the need for strategic financial planning.

Read more at Yahoo Finance: I’m 50 and have just $60K for retirement because I burned through my 401(k) to care for my parents. Am I too far behind?