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