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STEP 6:
CONTRIBUTE TO RETIREMENT ACCOUNTS

Why contribute to retirement accounts?

Many people think they can wait to save for retirement, but starting early makes a big difference. Even small contributions grow over time with compound interest. Retirement accounts also offer tax benefits, and if your employer offers matching, that’s free money you don’t want to miss.

How to start saving for retirement

  1. Start with Your 401(k) or 403(b): Join your employer’s plan and contribute enough to get the company match—it’s free money. 

  2. Add an IRA: Open an IRA if you want to save more or don’t have a 401(k) or 403(b). Choose a Traditional IRA for tax savings now or a Roth IRA for tax-free money later.

  3. Review Regularly: Check your progress every year and adjust your contributions as your budget allows.

Start Today:

Enroll in your company’s 401(k) or 403(b) or open an IRA. 

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