It’s Time To Boost Your Retirement Savings – Today!

Posted on March 30, 2009
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We all know that New Year’s is the most popular time to set some serious and life-changing goals – and boosting your retirement savings comes as no exception.  From increasing your monthly contributions to your 401(k) retirement fund to saving up enough money to reach an earlier retirement age, you probably start out the year with these goals in mind.

 

But why wait until New Years to make killer financial goals for your retirement planning when you can start making those necessary changes now?  We’ve got the best tips and techniques for setting up goals that will reap major retirement awards – and you don’t have to wait until January 1st to make them!

 

First, tell yourself that you won’t stop making contributions to your 401(k) retirement fund, no matter how tight your budget might be.  Your retirement should be one of the biggest priorities in your life right now, so don’t scale back.  In fact, try to increase your contributions slowly but surely; if you try to contribute too much to your savings and investments, you might not see your goal through because it’s too unattainable.  Instead, tell yourself that you’ll increase your contributions by reasonable amount each month (say around $20).  You’ll not only be saving more money for your retirement – you’ll benefit from your company increasing contributions.

 

Additionally, it might help to write down your retirement goals, such as your ideal retirement age, any investment strategies you may have and what you’d like to do after you give that retirement speech at the office.  By writing down your goals, you’ll be able to stick to them – but make sure you put them somewhere where you can see them.

 

Find someone who can hold you accountable to your newfound investment strategies.  Like with most goal-setting ventures, you’ll be able to see your retirement planning through if you have someone to report to.  Have your partner or good friend check in to see if you’re following through with your goals.

 

For more information on smart retirement planning, visit www.kenhimmler.com, the IRA and 401(k) experts!

 

 

 

Authored by Kenneth Himmler, Sr.

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