Whether you just started working or you are nearly done, you can still grow your retirement savings. Here are four helpful tips to help you pursue the retirement you deserve! 

Contribute to your 401(K). If your employer offers a traditional 401(k) plan, you are allowed to contribute pre-tax funds. Because that money comes out of your paycheck before federal income taxes are assessed, your money can grow tax-free. Some employers may have a set limit for the percentage you can contribute toward your 401(K) each paycheck, so make sure to seek advice from the company’s Human Resources Departments.

Take advantage of employer-matched contributions. Some employers take their retirement offerings a step further by offering 401(K) employer matching. This rewards employees for participating in the plan by adding funds to their retirement savings based on how much they contribute per pay period.

Open and begin regular contributions to an Individual Retirement Account (IRA). An IRA with SeaComm allows you to save for retirement with tax-free growth! There are no monthly fees, no minimum balance requirements, and dividends are paid out on a monthly basis. Click here for more information.

Automate your contributions. Whether you have an IRA or you take advantage of your employers’ 401(k) plan, the easiest way to automate your retirement contributions is to have the funds taken from your paycheck. That way, you can save for retirement without having to think about it.

Call us at (800) 764-0566 or visit your local SeaComm branch to open an IRA or set up an automatic transfer – our goal is to help you reach yours!