07/01/2014 10:44 am ET Updated Jul 01, 2014

5 Steps For Boomers Beginning To Save For Retirement

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Saving for retirement is tough enough for those who start young. The situation is even worse for people who don’t start saving until their 40s or 50s. Without the time to let compounding grow your wealth, building a retirement nest egg is extremely difficult. Here are some strategies for baby boomers who are just starting to save for retirement:

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