Want to make your 401(k) grow faster? Here’s a simple tip. Each time you get a raise, bump up your retirement contributions by 1 to 2 percent of salary, until you reach your target savings rate of 10 to 15% of gross income per year. If you’re already maxxing your 401(k), stuff extra savings into a Roth, Traditional IRA, or Health Savings Account (HSA).
Stay informed about financial planning and investing issues that impact your life today and tomorrow! (we respect your privacy)
Stay informed about financial planning and investing issues that impact your life today and tomorrow! (we respect your privacy)
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
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