How to put yourself in control of your future.
Overwhelmed by retirement savings?
The secret to conquering it
is to do something.
What to do now:
- If you don’t have a retirement savings
plan, start one today.
- If you are already saving, make sure
you are gradually increasing your
contributions every year.
- If you don’t have a budget start one,
and track your progress for a year
to see how you do.
- You are probably going to live a lot longer
than you think, so it’s a good idea to start
saving when you are young, you’ll have
compound interest on your side.
This illustration is a hypothetical
compounding example that
assumes biweekly salary deferrals
(for 30 years) at a 6% annual
effective rate of return.
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