FOUR TIPS to help you boost your retirement savings

1. CONTRIBUTE TO YOUR 401(K)

If you happen to have the benefit of a traditional 401(k) plan through your employer, you may be able to contribute pretax money. This can be a huge advantage to your retirement savings plan.

2. OPEN AN IRA

It is a good idea to establish an individual retirement account (IRA) to help invest in your future. You can do either a traditional IRA or a Roth IRA. Take some time to research both options and see what’s best for you.

3. AUTOMATE YOUR SAVINGS

A good idea to help you increase your savings even more is to set automatic payments each month. This will help you grow your money without even having to think about it.

4. SET A GOAL

Understanding and planning ahead of time how much you may need in the future not only can help you better understand why you’re saving, but it also can make the process more rewarding.