If you can’t save 15 percent of your income right now, that’s OK. Here’s how you can get to that savings goal:
- Start saving what you can now. Then build your savings up. Slowly. Surely.
- Enjoy tax-deferred growth. Your savings, plus contributions, grow tax-deferred. You won’t pay taxes until you take your money out of the plan.
- Catch your employer match. If your company offers matching dollars, don’t leave money on the table. The match is like free money, adding to your savings total.