Post Type: Quick Baby Boomer Financial Munchie
Topic: Smart Retirement Planning Tip: Automate Your Savings
Quick How-To:
One of the best ways to increase your savings is to make sure you save no matter what.
In other words, if you’re still working, make sure there’s an automatic 401(k) withdrawal from your paycheck (so you don’t even see that money, but you can rest assured it’s growing for you!).
And if not, set up automatic deposits to your IRA from your bank checking account.
Remember – the art of growing wealth is not so much timing in the market as it is, TIME in the market. Give your money the best possible chance to grow by automating your IRA savings today.