Everyone is working hard to save money up for retirement. Most likely everyone is already taking advantage of the employer match. Hopefully you’re doing everything you can to save a percentage of your income each month. But there is always more that you can do to help increase your 401(k).

1. Aim for the maximum. The max amount of money a person can put into their 401(k) is $18,000 a year. However, if you’re 50 years or older, you can put away $24,000 a year. If you feel like you can do that, you should aim for that. If you feel like you can’t go from your current contribution to $18,000 a year, make small, incremental increases that will eventually get you to $18,000.

2. Save any extra income you get. At most jobs, you get raises and bonuses. If you start saving the extra income or your annual or Christmas bonus you can start saving a lot of money by adding that into your 401(k). If you don’t want to save your entire bonus, try saving just a little bit of it.

3. Roth 401(k) Plan. If your employer offers a Roth 401(k), seriously consider taking them up on it. There are limits to how much you can contribute just like a regular 401(k), however, you can contribute income tax that has already been taxed. You can also take withdrawals during your retirement that is tax free as well.

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