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13.04.2021 11:32:00

5 Simple Moves to Shift Your Retirement Savings Into Overdrive

When it comes to managing your retirement savings, you'll find that grabbing the low-hanging fruit goes a very long way in terms of your long-term results. Five simple moves will ultimately make a substantial difference in the amount you're able to save, so make these incremental changes and reap the benefits.Even a 1% increase can make a tremendous difference in the ultimate size of your retirement savings balance. For simplicity, let's assume you earn $100,000 annually and currently contribute 6% of your salary to your company's 401(k) plan. Let's also assume you'll never get another raise again and your contribution percentage stays consistent throughout your working career. Calculations by author.Continue reading
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