Retirement Savings Low? 5 Steps to Get Your Plan Back on Track After 40

• Many realize after 40 that retirement savings are insufficient due to responsibilities, limited income, or late planning.
• Focus on increasing savings rather than chasing high returns; consider options like higher EPF contributions or NPS.
• Avoid high-risk investments; maintain a balanced approach with a small allocation (10-15%) to large-cap stocks or ETFs.
• Cut unnecessary expenses like new cars or frequent vacations to boost savings significantly.
• Consider extending your retirement age by 3-5 years to increase savings and reduce the period the fund needs to last.