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Even though the stock market is near record highs and the economy is showing signs of improvement, many workers in the
Reduce Your Expenses
Examine your monthly expenses carefully to see if there are items that you can eliminate easily. Some people choose to cancel rarely used gym memberships, while some others choose to downgrade their cable package or take their lunches to work instead of eating out. Whatever money is saved should be deposited into your retirement savings account.
Try To Increase Your Income
When you receive a raise or a bonus at work, consider increasing your contribution to your retirement fund before you begin spending the money on other things. Your future self will thank you for your frugality.
Eliminate Your Debts
Increase Your Contributions To Your Retirement Accounts
Choose Additional “Safe” Investments
Do you feel pretty comfortable that you will have saved enough by the time your retirement rolls around?
Share your experiences by commenting below!
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