October 2021
Beginner
352 pages
8h 40m
English
Content preview from 401(k)s & IRAs For Dummies
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Chapter 21
Ten + Two Ways to Save For Retirement
IN THIS CHAPTER
Making savings automatic
Developing good saving and spending habits
Finding opportunities to save
Originally, the title of this chapter was “Ten Easy Ways to Save for Retirement,” but some of these tips require a little time and dedication. But all of them can help you get to your retirement fund goals.
Join an Employer-Based Retirement Plan
Working for an employer that gives you the opportunity to save for retirement is way better than having to do this on your own. Having a retirement savings plan shows that your employer cares about its employees, and this consideration often promotes a good working environment.
Saving becomes the first priority when you join a 401(k) plan. Having a portion of your pay contributed each pay period is the easiest way to save. Otherwise, saving is usually the last thing on your mind. Often, it never happens because there isn’t anything left from your paycheck at the end of the month. Getting a matching employer contribution is a big bonus.
Set Up Automatic Withdrawals
You must save for retirement on your own when your employer doesn’t offer a plan. An IRA is a great way to do ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.