Extra money? Don't just spend it. Every time you receive a raise, increase your contribution percentage.
Dedicate at least half of the new money to your retirement plan.
And while it may be tempting to take that tax refund or salary bonus and splurge on a new designer purse or a vacation, "don't treat those extra funds as found money," Greenberg says.
She advises that you treat yourself to something small and use the rest to help make bigger leaps toward your retirement goal
"Recognizing
the need to put money away for retirement is the first step," Greenberg
says.
Understand how much you want to sock away for retirement, and
find creative ways to increase your contributions.
Starting too late and
saving too little is a common regret among retirees. Making the effort
now can help you look forward to retirement.
