While saving for retirement with a 401(k) is way easier and way more convenient, not all employers offer a 401(k). With an employer issued 401(k), money for your retirement is taken out of your paycheck before you even get a chance to see it. Sometimes, you automatically can receive tax breaks for this saving as well.

Some employees can actually be enrolled in a 401(k) without doing any paperwork even. 401(k)s can make life easier for some. But if you don’t have a 401(k), how can you save for retirement? It’s going to be a little more challenging, but you can absolutely do it!

One of the most beneficial things about 401(k)s is that you don’t have to think about putting money into your account; it’s set up for you. But, if you don’t have a 401(k), you can mimic that. By setting up a direct deposit you can set up to set aside a portion of your paycheck into an IRA or another investment account.

Another way to fund your IRA is to take your tax fund, and immediately put it into your IRA. If this sounds like a great option for you, the IRS Form 8888 will allow you to deposit your tax refund directly into your investment savings account.

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