“Afraid you might be behind on saving for retirement? There’s one simple way to get ahead of pretty much everyone else.” said Katie Lobosco at CNN Money. Here are four things to ask yourself to make sure you’re on track in the new year:
- How much did I spend last year?
- Can I increase my future contributions?
- Did I max out my IRA last Year? There’s still time.
- Are my investments balanced?
About 80% of Americans surveyed by Voya Financial said they hadn’t taken the time to review or revise their retirement plan within the past year. So simply taking a look at how your 401(k) or IRA performed in 2016 will mean you’re already doing more than most Americans. (cnn.com)