32 Ways to Boost Your Retirement Savings

Saving for retirement is one of the most important financial goals there is, but it isn’t always easy.  Even with the best intentions, it can be difficult to discipline yourself to put money away for a nebulous “someday,” especially when you’re busy trying to make ends meet now.

1. Contributing to your 401(k)

If your company offers a 401(k), it’s usually a good idea to contribute to it, at least a little bit. The contributions will be automatically deducted from your paycheck and may also be made from pre-tax money, which will lower your taxable income.

2. Taking advantage of your 401(k) match

If your employer offers a 401(k) match, there is even more incentive to contribute. A match is about as close as it comes to free money and is considered part of an employee benefits package. 

3. Starting early

Thanks to the power of compound interest, the earlier you start saving for retirement, the more you’ll likely make over time. It’s never too early to start—so get cracking!

4. Contributing often

Making regular contributions is one of the best ways to grow your retirement funds. With a company-sponsored retirement fund like a 401(k), the money comes out of your paycheck each period. But if you’re DIYing your retirement with an IRA, for instance, you’re in charge of making sure money’s going in.

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