From Nasdaq:

1. Be sure to take advantage of your employer 401(k) match – it’s an essential savings tool. Some companies have matching incentives, and you don’t want to miss out on that extra help toward your retirement savings. However, be aware that some employers may impose a vesting schedule, so understand the policy in place at your workplace.
2. Consider putting your entire raise or extra income from a side gig into your 401(k) – if your pay is increasing, it’s an opportunity to boost your retirement savings. Don’t get too used to that extra cash, consider redirecting those funds into your retirement savings.
3. Look into signing up for an HSA your employer will fund. An HSA can be another tool in your retirement savings kit, and employers sometimes contribute to HSAs on your behalf, providing free money toward potential retirement healthcare expenses.

Make sure to take these simple steps to boost your long-term savings in 2024.



Read more: 3 No-Brainer Ways to Boost Your Retirement Savings in 2024