The number of U.S. workers in the labor market over the age of 75 is expected to nearly double over the next decade according to 3Bureau of Labor Statistics. 

"People don't always do what's in their best interest, and a lot of people haven't saved enough money for their retirement." 

As some struggle to 4make ends meet, they're 5tapping into their 6401 k and retirement plans early, while 7pension plans have gone nearly 8extinct and fear over 9social security 10solvency 11looms. So what are some things you can do to prepare if your retirement is still 12far off? 

"The most important thing to do is to really understand 13compound interest and realize that a little money now goes much farther than a lot money later." 

Mitchell Kraus, founder of Capital Intelligent Associates, says disciplined and 14consistent savings, even if it's just a little, is critical. 

"There's your current self, which always wants to go and have fun and eat out and do all sorts of fun things. And there's your future self, who's gonna want to do that, too. But you also don't wake up one day and say, if I just saved a little bit more, did a little bit more things, I'd be in a much better position now." 

And for those a little closer to retirement age, it sounds simple. But Krause says... 

"Really take the time and understand your situation. Most people don't have a 15budget. Most people don't know how much money they have. They don't know how far that will go in retirement. And a little bit of research can either 16prod you to go a little bit further or put your mind 17at ease."