Reported 1 day ago
The 1% retirement savings challenge offers a simple yet effective strategy for those feeling behind on their retirement savings by suggesting an annual 1% increase in contributions to IRA or 401(k) accounts. This gradual approach helps individuals build up their savings over time without overwhelming their budgets. While this method works well for many, those who are closer to retirement may need to increase contributions more aggressively to ensure a comfortable nest egg.
Source: YAHOO