Retirement Moves to Make in 2017, That Will Pay off in 2018 and Years to Come.

The open enrollment for your benefit package for the coming year is set to begin very soon. Are you planning for your future or are you waiting for your employer to plan it for you? Believe me, they will not even waste a second to plan your retirement, they are only interested in their own financial well-being. Please, do not ignore the email reminder for enrolling or updating your benefits. You can either do it now, but you cannot ignore your retirement life. Try to take time to plan for your work place retirement benefit and plan.

Try to Save More in Workplace Retirement Plan: It is essential that employees try to save at least 10-15% of their biweekly wages or yearly salary into their 401K, Roth 401K, and 403b. Do not only put in 1% or 2% and think you can retire with smiles on your face. Please, do not say I cannot afford it. You can afford it, you are eating out three or four times a week, you are buying Starbucks everyday with a costing of $3 or $4 for a cup of coffee, going on vacation yearly, buying the latest car and living in an expensive home or apartment. You can afford anything, if you put your mind into it and create a life you will be proud off for years to come. Ask yourself, where is your paycheck going every two weeks or monthly, everyone will eventually retire and how will you survive on a daily basis?
Choose Automatic Withdrawal from your Biweekly or Monthly Wages: The best decision you can make today is setting up automatic withdrawal for your 401K, Roth 401K and 403b contribution. Try to increase your adjustment to 1% every year to help your investment and performance. Make sure you sign up automatically in your retirement plans and it will help you pay less attention to your money going out into your future (retirement plan).
Try out the Roth 401K Now: Most employers offers the Roth 401K to their employees and take advantage of this opportunity to grow your wealth. If, you are not planning to choose the Roth 401K option, then something is wrong with you. It is tax free, when you take out money from your retirement plan. This is a fantastic offer that no one should refused. Your traditional 401K have an ordinary tax included, while Roth 401K is always tax free. 


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