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Are you one of the 80% of Americans worried they won't have enough money saved for retirement? If so, don't worry. We have four ways to make your 401(k) balance grow faster so you can retire in comfort.
The ideal goal is to begin saving for retirement with your first job. It's great advice, but most of us don't (or can't) follow it.
The great news is there are still steps you can take now to make sure you have enough money saved for retirement, even if you're behind on saving for retirement.
This first tip is essential to your retirement investing…
Ways to Make Your 401(k) Balance Grow Faster: Start Today
If you haven't started saving for retirement, you are in good company. About 33% have nothing saved, according to a GOBBankingRates.com survey.
The solution is to get started… now.
Whether you have an employer-sponsored 401(k) or you open an IRA through a broker, the important thing is to stop putting it off. The only way you can make sure you have enough money for retirement is to start investing today.
Urgent: An $80 billion cover-up? Feds use obscure loophole to threaten retirees… Read more…
It's easy to get bogged down in all of the ins and outs of investing. While those things are important, they won't make much of a difference if you are not investing at all.
Once you start saving, the next step is to make sure you are saving enough at each stage of your career. Here's a breakdown of how much to save at every age…