Many approaching retirement find their savings lacking, but there are strategies to strengthen their outlook. Experts recommend creating a realistic budget, eliminating blind spots, and adjusting timelines or goals. Small changes, like reducing expenses or finding part-time work, can make a big difference in building a more secure retirement plan.

Late savers should focus on spending differently, cutting debt, and creating additional income streams to bolster their savings. Downsizing housing should only be considered if it truly reduces expenses and supports your lifestyle. Avoid chasing high returns late in the game and instead focus on reliable income streams and reducing tax leakage.

Delaying Social Security can significantly improve long-term financial flexibility by reducing pressure on investments early and increasing guaranteed income later. Taking measured, sustainable approaches to catching up on savings is crucial to ensure stability in retirement. Taking shortcuts may not pay off, so it’s important to make intentional, informed decisions. As retirement approaches, Meyer advises against risky decisions and ignoring healthcare costs. Staying realistic, focused, and disciplined is key to avoiding bigger problems. Flexibility is crucial in the final decade before retirement, along with creating a written income-first plan focused on cash flow. Being proactive and honest can help build a retirement plan that supports your needs.

Read more at Yahoo Finance: 9 Options for a Flexible Retirement Plan If You Don’t Have Quite Enough Saved