Smart habits. Real focus.

Retirement may be a long way off, but it's good to get into the savings habit now. Even saving a small amount each month can get compound interest working for you. In fact, you may have the potential to accumulate far more that way than if you wait and try to catch up later. As the saying goes, "Slow and steady wins the race."

Real steps

Real steps

Know your numbers

Save, save, save

  • Take advantage of your employer-sponsored (i.e., 401(k)) retirement plan and matching contributions, or consider opening an IRA if you don’t have access to an employer-sponsored plan. Open an IRA account
  • If you change jobs, consider rolling over your 401(k) account to an Individual Retirement Account (IRA). Keep fees, charges and investment options in mind. Consult with your tax advisor before rolling over funds.A2F 
  • Consider setting up automatic transfers to your savings account.

Build an emergency fund


Cornerstones of Retirement

When you're in your 20s and 30s, focus on making savings a priority. A rule of thumb is to try to save 8-10% of your income. If you have access to a workplace retirement plan, consider enrolling. If you've started a family or purchased a home, consider insurance and make a will to help protect you and your family. Learn about the cornerstones of retirement planning


A rollover of qualified plan assets into an IRA is not your only option. Before deciding whether to keep an existing plan, or rolling it into an IRA, be sure to consider potential benefits and limitations of all options. These include total fees and expenses, range of investment options available, penalty-free withdrawals, availability of services, protection from creditors, RMD planning, and taxation of employer stock. Discuss rollover options with your tax advisor for tax considerations.


Starting Out

Step by step, start making your retirement real.

Getting Organized

Stay focused and continue investing in your retirement.

Enjoying Retirement

Fine-tune your plan and begin living your real retirement.

Related Topics

Run the numbers

Estimate what it may take to save for your retirement.

Retirement Calculator


RealSteps>Retirement® Resource Guide

This guide includes information and tools to help you take action and manage your retirement goals.

 

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