5 Ways to Build Retirement Savings During Uncertain Times: Experts Weigh In

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Over the last two years, American workers have endured the one-two punch of a pandemic-induced recession followed by a rapid increase in inflation.

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The good news is there are many ways for the average American to help their retirement accounts thrive even during uncertain times.

[{"selector":"#anim-bd94f764-67fa-4e88-827f-a62b75f7f4e6","keyframes":{"opacity":[0,1]},"delay":1400,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c10eea7-a354-4907-ac16-c42fa743fabe","keyframes":{"transform":["translate3d(0px, 233.89916%, 0)","translate3d(0px, 0px, 0)"]},"delay":1400,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Here are five expert tips to supercharge your retirement savings plan.

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Make Sure You Are Getting the Full Employer Match

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Optimize Your Asset Allocation

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Take Advantage of Automatic Contribution Increases

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Utilize Your HSA for Tax-Free Growth

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If you are worried about not being able to use your HSA balance in the future, consider the amount of money you could spend in retirement on medical expenses alone.

[{"selector":"#anim-562456e9-caf8-4f1b-8052-e836140129cc","keyframes":{"opacity":[0,1]},"delay":1400,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c1ca7fb-cd1e-44a7-ad18-bac188d7720c","keyframes":{"transform":["translate3d(0px, 175.90556%, 0)","translate3d(0px, 0px, 0)"]},"delay":1400,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

No Employer Plan? Use an IRA Instead

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While annual contribution limits for IRAs are lower than employer-sponsored 401(k) plans, you can still contribute $6,000 per year as of 2022, or $7,000 if you are age 50 or older.

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Visit WealthyNickel.com to learn how to save money and invest!

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5 Ways to Build Retirement Savings During Uncertain Times: Experts Weigh In

5 Ways to Build Retirement Savings During Uncertain Times: Experts Weigh In

Over the last two years, American workers have endured the one-two punch of a pandemic-induced recession followed by a rapid increase in inflation.

The good news is there are many ways for the average American to help their retirement accounts thrive even during uncertain times.

Here are five expert tips to supercharge your retirement savings plan.

Here are five expert tips to supercharge your retirement savings plan.

Make Sure You Are Getting the Full Employer Match

Many companies offer to match contributions to your retirement account up to a certain percentage, in addition to your regular salary.

Optimize Your Asset Allocation

Some investors take a set-it-and-forget-it approach to asset allocation, which can be detrimental to your long-term goals.

Take Advantage of Automatic Contribution Increases

With an automatic escalation option, you can easily increase your contributions each year without giving it a second thought.

Utilize Your HSA for Tax-Free Growth

Utilize Your HSA for Tax-Free Growth

Utilize Your HSA for Tax-Free Growth

If you are worried about not being able to use your HSA balance in the future, consider the amount of money you could spend in retirement on medical expenses alone.

No Employer Plan? Use an IRA Instead

No Employer Plan? Use an IRA Instead

No Employer Plan? Use an IRA Instead

While annual contribution limits for IRAs are lower than employer-sponsored 401(k) plans, you can still contribute $6,000 per year as of 2022, or $7,000 if you are age 50 or older.

Swipe up to Continue Reading!

Swipe up to Continue Reading!

Swipe up to Continue Reading!

Swipe up to Continue Reading!

Visit WealthyNickel.com to learn how to save money and invest!

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