Need to Grow Your Retirement Savings Faster? 4 Changes to Make Now
Way back when you first starting working, it probably felt like you had plenty of time to save for retirement. But now, years or decades later, you may be worried that your savings balance isn't growing fast enough. The good news is, whether you're 40, 50, or 60 years old, there are a few big changes you can make now to expedite the growth of your nest egg. Here are four of them.
Contributing more is an obvious move, but it's also the easiest strategy to dismiss. If you're of the mindset that you can't afford to increase your contributions, it's time to challenge that perspective. Here's why. You can either find a way to contribute more today or be forced into a serious lifestyle downgrade in retirement. Saving more today is always the easier option.
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Source Fool.com