We all know saving for retirement is important, and the closer you are to retirement, the less risk you may be comfortable taking. Let's say retirement is just a few years away, and you haven't saved a dime. Don't panic. There are steps you can take to prepare. You do, however, need to focus on saving—starting right now. You'll have to start saving significant sums from each paycheck, maybe sacrificing pricey vacations and other luxuries in order to start socking away the necessary retirement savings. You could also consider the idea of postponing retirement. Staying in the workforce for a few more years can give you the time you need to get your nest egg in order.

In the meantime, take some time to focus on budgeting. Sort through your household budget carefully and look for ways to cut down on expenses. To help you make the most of your retirement savings, you may want to work with a financial advisor to ensure you are able to reach your financial goals within the amount of time you have available.

In addition to ramping up your savings efforts, don't forget to optimize your checking and savings accounts by shopping for the best options. At Ally Bank, we think you'll appreciate the great rates available on our Online Savings Account, Money Market Account and our full line of certificates of deposit (CDs). You can open any account with any amount. You pay no monthly maintenance fees and your deposits are insured by the FDIC up to the maximum allowed by law.

Ally Bank is committed to making saving as easy, secure and rewarding as it can be. Let us help you reach your retirement goals. Learn more at Allybank.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.

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