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It certainly shouldnt be a time to worry about making ends meet and staying afloat financially.
Ideally,you saved and invested your whole lifeand now your money works for you.
Here are sixways that people fall behind on retirement savings, according toGOBankingRatesandKiplinger.
An employer match is essentially free money, so dont leave it on the table.
For 2024, workers can contribute a maximum of $23,000 to their 401(k).
This is a great way to pad your retirement savings during the last decade of your working career.
Its a great way to save for medical expenses in advance of retirement.
HSA funds can be used to cover medical expenses in retirement that Medicare does not.
Spending Too Much on Unnecessary Things
You should always focus on your needs before your wants.
Thats housing costs, utilities, groceries, and healthcare expenses.
Consider evaluating your monthly expenses to see what you’re able to cut out.
Your future retired self will thank you.
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