10 tips to help you boost your retirement savings — whatever your age
- Focus on starting today. ...
- Contribute to your 401(k) account. ...
- Meet your employer's match. ...
- Open an IRA. ...
- Take advantage of catch-up contributions if you're age 50 or older. ...
- Automate your savings. ...
- Rein in spending. ...
- Set a goal.
What is the best thing to put money in for retirement?
The 'safest' places to put your money are in low-risk investments and savings vehicles that provide guaranteed growth. These low-risk options include fixed annuities, CDs, Treasury securities, corporate bonds, savings accounts, and money market accounts.
Where is the safest place to put your retirement money?
One frequently used rule of thumb for retirement spending is known as the 4% rule. It's relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement.