Motivation Monday – Growing Your Retirement Funds Faster

Recent market volatility may have left you staring at your 401(k) in dismay. If you’re not seeing the results you want, there are ways to help grow your 401(k) faster.

Of course, the most obvious solution would be to contribute more. If you get a raise – raise your contribution amount. Hopefully, you’re already taking advantage of “free money” and contributing the full amount your employer matches, but you can always go above that amount as well. Apply any windfall money you come across, including work bonuses, to your retirement accounts. And if you leave your job, don’t leave your 401(k) behind. Rollover your 401(k), and you can avoid many administration fees or other expenses.

Funding your retirement goes well beyond your employer-sponsored 401(k) account. By looking at other tax-friendly savings vehicles, you can potentially save for retirement quicker and possibly save even more overall. To review your retirement savings plan and ensure you’re taking advantage of all the savings vehicles available to you, contact our office today.

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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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