What’s next?
Evaluate your workplace benefits to make sure you’re maximizing how you use your benefits.
Check your retirement plan regularly to ensure your investments are on track to meet your retirement goals.
Start small, then try to increase contributions by 1% every year.
If you haven’t already started, begin contributing to your workplace retirement plan now.
Put time on your side with compounding, meaning any earnings go back into your account tax-deferred, which generates its own earnings — and over time that can add up.
Take advantage of maximizing a company match, if available.
What is your next best step? Although it’s a good idea to manage your whole financial life and find balance in all things spending and saving, retirement is something we should consider saving for consistently.
Here are some ideas to get going: