Article 3 tips for giving your retirement savings a boost

It’s never too late to step up your game

Regardless of your age or financial situation, there are ways to improve your future outlook. Revisiting your retirement contributions and savings strategy can be a great place to start.

Key Takeaways:

  • 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.

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