Three actions to save for retirement
Posted July 2017
If you haven’t started saving for retirement or you haven’t saved enough, here are three actions you can take to put you in a better position during your golden years:
- Contribute as much as possible every year to a 401(k) pretax retirement plan, up to $18,000 maximum, or $24,000 if you are age 50 or older.
- Contribute as much as possible to a Traditional or Roth IRA every year, up to the $5,500 maximum, or $6,500 if you are age 50 or older.
- Contribute as much as possible to a health savings account (HSA), which can be used to offset medical expenses, up to $3,400 a year, or $4,400 if you are age 55 or older.
If you’d like to review your tax-advantaged retirement strategy, call us to schedule an appointment.