Reviewing your retirement account(s) and how much you're contributing can help you stay on track and determine if it could be time to ramp up your savings.
If your employer provides a 401(k) match, check to see if you're taking full advantage of it—it's essentially free money.
Whether you're using a 401(k), an IRA or both, aim to contribute the maximum amount allowed. And if you're over 50 you may be able to contribute even more.
Can you afford to pay for current health care costs out-of-pocket? If you have an HSA, you may want to consider saving those funds to help ease the burden of these costs in retirement.
If you're looking to save more, try revisiting your budget, refinancing your mortgage and exploring low-finance credit cards.
This content has been provided under arrangement with Imprint. It may have been modified to meet the specific needs of UBS. Imprint is not responsible for any errors in the content, or any actions taken in reliance on it. Please do not copy or excerpt this content without express permissionfrom UBS. UBS and Imprint are not affiliated.
UBS Financial Services Inc., its affiliates and its employees are not in the business of providing tax or legal advice. Clients should seek advice based on their particular circumstances from an independent tax or legal advisor.