In the middle of 2022, what shall we modify our retirement plans? Sure, cover the essentials. Maybe you will find that you did the retirement things year after year correctly, but you’re still slower. What shall you do? Increase your contribution rate, even just one percent annually is helpful.
Basics Of Retirement Planning
After doing the right things year after year, you should do specific things to ensure a secure retirement, said Kirsten Hunter Peterson. Ms. Peterson is director of Fidelity Investments’ Workplace Thought Leadership team.
The simplest thing to do is not to leave money on the table, Peterson said. In other words, that includes maxing out your 401(k) or comparable plan to maximize your employer’s contribution….