5 Simple Moves to Shift Your Retirement Savings Into Overdrive
When it comes to managing your retirement savings, you'll find that grabbing the low-hanging fruit goes a very long way in terms of your long-term results. Five simple moves will ultimately make a substantial difference in the amount you're able to save, so make these incremental changes and reap the benefits.
Even a 1% increase can make a tremendous difference in the ultimate size of your retirement savings balance. For simplicity, let's assume you earn $100,000 annually and currently contribute 6% of your salary to your company's 401(k) plan. Let's also assume you'll never get another raise again and your contribution percentage stays consistent throughout your working career.
Calculations by author.
Source Fool.com