General, Retirement

6 Ways to Make Saving for Retirement Easier

February 23, 2022 • By and

Reading Time: 2 Minutes

Last Updated: February 23, 2022

young man holding a box with America Saves Week logoIt’s America Saves Week! That means it’s a great time to see how you’re doing with your savings goals. Most working Americans know they need to save for retirement. Sometimes though, because retirement is far off in the future, we may delay saving. When everyday expenses routinely pop up, saving for a time that is years away in the future can seem less urgent.

We’re working with Social Security to help you consider what your retirement will look like. The following strategies can make it easier for you to save for retirement:

  1. Start Small. Saving something is better than saving nothing – especially with compound interest. Just $5 per day could yield a return of $1 million in 48 years with the right investments. Consider saving as early as possible. Start with 1% and increase how much you save each year.
  1. Free Money. Many employers offer a contribution match. If you can afford to, contribute at least the same amount or percent of salary that your employer matches. This will automatically double your investment. That $5 per day could become $10 per day, – earning even more investment income on your contributions. If you are over age 50, you may be able to take advantage of the IRS-allowed catch-up contributions. 
  1. Make it Automatic. Set up automatic contributions either through your employer or financial institution. Keep your retirement money allocated for retirement only. You should have a separate account for unexpected expenses to avoid dipping into your retirement accounts.
  1. Make a Plan. It’s important to know what type of lifestyle you want in retirement and how much money it will take to sustain that lifestyle. Check out our guide, 6 Steps to Jumpstart Your Retirement Journey, for more information.
  1. Take the America Saves Pledge. Make a simple plan to meet your savings goals – and get long-term accountability and support. Take the pledge today.
  1. Remember Social Security. Be sure to check your personal my Social Security account to see how much you could receive in retirement based on your earnings history. If you don’t have a personal my Social Security account, you can create one today in just a few minutes.

It’s never too late to start contributing to your retirement plan. Let America Saves and Social Security help. Your future self will thank you! Please share this information with your friends and family – and help us spread the word on social media.

Our posting of this blog does not constitute an endorsement or recommendation of any non-Social Security organization, author, or webpages. 


Tags: , , , ,

See Comments

About the Author

Comments

Please review our Comment Policy before leaving a comment.

  1. yolo

    keep up the good work

    Reply
    • Lilly D.

      This blog is amazing. Discuss all the social issue and their remedies. One of the best blog which is very near to our daily routine life. I like this article. Also share this phone number blog with you friends.

      Reply
  2. Vijay S.

    keep up the good work. this is an amazing post with HMP

    Reply
  3. Rajesh C.

    Reply
  4. Mahilaswasts

    Great information thanks for sharing this information hindi health point

    Reply
    • Khagendra P.

      I was searching for this kind of content from a very long time.. Thank You For Sharing This Information…

      Actually I also have written article on same topic can you please help me it in improving
      KuttyMovies

      Reply
  5. Bhumi

    Reply
    • Khagendra P.

      I was searching for this kind of content from a very long time.. Thank You For Sharing This Information…

      Actually I also have written article on same topic can you please help me it in improving
      VegaMovies

      Reply
  6. Bhavesh

    Reply
    • Khagendra P.

      I was searching for this kind of content from a very long time.. Thank You For Sharing This Information…

      Actually I also have written article on same topic can you please help me it in improving
      1filmy4wap

      Reply
  7. Emka N.

    All The Best Information emka news

    Reply
  8. Indi

    Retirement planning is essential as it decides how you spend the last ten or twenty years of life. Pension plans from banks and insurance companies can make life better. But before making an investment proper research in required. Read articles related to General Studies in Hindi General Studies in Hindi

    Reply
  9. Suryabhan

    Easiest Ways to Make Saving for Retirement Easier is investing in stock market.
    And if you want to learn stock Market then you visit my blog – stockhub

    Reply
  10. Mr

    People like this inspire us to do more. Thanks for sharing.

    Reply

Leave a Comment

Please review our Comment Policy before leaving a comment. For your safety, please do not post Personally Identifiable Information (such as your Social Security Number, address, phone number, email address, bank account number, or birthdate) on our blog.

Leave a Reply to Bhavesh Cancel reply

Your email address will not be published.