Follow these money-saving and investing tips to save more for retirement in 2016. Saving money for retirement is one of the most important, long-term habits to develop. To Learn More Visit Our Website http://www.taxassistancegroup.org/ You can also follow us on : Twitter: https://twitter.com/Tax_Assistance Facebook: https://www.facebook.com/Taxassistancegroup.org

1. TIPS TO SAVE MORE FOR
RETIREMENT IN 2016
Here are some tips to help you save more for retirement in
2016!
Source: http://www.bankrate.com/finance/retirement/tips/

2. SAVING! SAVING!
If you haven’t yet started saving for your retirement, then start right now. If
spare change is all you can manage, great. Try to make it a dollar next
week. Simply develop the habit of saving with every paycheck, no matter
how small the amount. If you are able to save 10% to 20% of your income you
are doing a great job for your retirement.

3. INCREASE SAVINGS WITH EVERY SALARY HIKE
As time goes by and income increases, bump up your savings incrementally.
If you have an employer-sponsored plan such as a 401(k) and your employer
offers a match, contribute enough to score the full match so you don’t miss
out on ‘free’ money from your employer. Technically, the match is probably
factored into your overall salary and benefits package, so if you don’t
contribute, you’re forgoing part of your compensation.

4. KEEP DEBT UNDER CONTROL
When you’re in a jam or making a big purchase such as a house or car, debt
comes in handy. Over time, though, it becomes a drain on your finances. Pay
off debt as quickly as possible to start getting ahead.

5. USE A TAX-ADVANTAGED ACCOUNT
The government offers sweet incentives to get people to save using accounts
such as IRAs and 401(k)s. IRAs and 401(k)s allow savers to put away money
before taxes are taken out. That decreases taxable income today. In
retirement, withdrawals are taxed as ordinary income.

6. GET UP TO DATE WITH INVESTING
Investing can be as easy or difficult as you make it. Don’t be intimidated. A
great way to start is with a core group of index funds. Each should
represent a broad swath of the market. For instance, they could be funds
with large-cap stocks, mid-cap stocks, small-cap stocks or international
stocks.

7. To Learn More
Visit
www.taxassistancegroup.org
or Call
(855) 549-7829
Source: Steiner, Sheyna. “Top 10 Saving and Investing Tips for Retirement in 2016.” Bankrate. Bankrate.com, 24 December 2015. Web. 5 January 2016.
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