Increase Your Roth IRA Contribution by $50

Making little bumps to your monthly retirement contributions can pay off big over time. This week, find a way to increase your Roth IRA contribution by just $50 a month. Then set the new contribution to automatically go to your IRA account from your checking account.

If you don't currently have a Roth IRA. As long as you have income you can open a Roth IRA, even if you are currently contributing to your company 401 (k). Income limits may require more creative methods of funding the IRA, however.