Tips for retirement savings
Do you have a clear vision of the lifestyle you want in retirement? Are you planning to travel? Start a business? Get into charity work?
HERE ARE A FEW TIPS TO HELP:
- Make regular contributions to your employer-sponsored plan
- Contribute more as your salary increases, such as when you receive a raise or a bonus
- Contribute as long as possible so your money has time to grow and compound
- If you’re eligible, maximize catch-up contributions
- Avoid early withdrawal to avoid paying penalties
It’s important to adjust your portfolio and your savings strategy as needed to help ensure you’ll have enough income in retirement to support the lifestyle you’ve chosen.
Visit SmartPlan today to help you bring your retirement vision into focus.
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