Tips to catch up on retirement savings include maximizing 401(k) match, exploring income sources, and phased retirement.

Make sure to take advantage of your 401(k) match and catch-up contributions to boost your retirement savings. Understand your company’s match policy and set aside the required amount to maximize this benefit.
Consider a reverse mortgage if you have substantial equity in your home to help cover retirement costs. Understand the terms and implications before making a decision on this option.
Phased retirement could be a viable strategy if you’re struggling to save enough for retirement. Gradually reducing your work hours can provide a steady income while supplementing your savings.
Explore alternative income sources like tax refunds or bonuses to boost your retirement savings. Consider starting a side hustle and directing earnings into retirement accounts for tax advantages.
Review your retirement plan and consider different strategies to ensure financial security in retirement. Regular contributions and smart investment decisions can help you catch up on savings.