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 and increase the automated contribution to your IRA account.
If you don't currently have a Roth IRA you can open a Roth IRA, even if you are currently contributing to your company 401 (k). (As long as you have income.) If you have high income it may require more creative methods of funding the IRA or the help of a financial adviser.