Skip to Content
Older couple dancing at party symbolizing that they are enjoying retirement.
Retirement Planning

3 easy retirement account basics that can help you stay the course

See how you can maximize your retirement account savings by setting up automatic contributions.

As the seasons change and life gets busier, it can be easy to forget to review your retirement savings strategies and retirement accounts. If you find that you don't have much time to devote to planning for your life after work, you can at least know that you're staying the course with these simple retirement account planning basics.

1. Make automatic contributions to your 401(k) or other plan

Nothing could be easier than to have your 401k contributions set up to come out of your paycheck automatically. If you want to save even more, just submit a request to either increase the percentage of your contribution, or simply increase the dollar amount. Some plans will even allow you to set up your account to have increases happen automatically once a year.

2. Fully fund a Traditional IRA or Roth IRA up to the maximum amount allowed

No matter what time of the year it is, you can get caught up on your retirement planning savings by fully funding your retirement accounts. So if you're too busy to contribute monthly or quarterly, then funding your accounts with a lump sum can be an easier way to go.

3. Take advantage of company matches

Contributing to your employer-sponsored 401(k) plan is great, but if you're not adding enough to take advantage of matching contributions, you're essentially walking away from free money. An easy way to build your retirement savings automatically is to make sure that you're contributing enough to qualify for your company match.

 

WEB.1669.07.15

Arrows linking indicating relationship

Related Articles

A man and woman in a professional attire meeting with each other

Learn how you can earn guaranteed income in retirement with annuities

Learn more
Africian-American man sitting in his home office with dog on his lap.

Boost your retirement income with a fixed annuity

Learn more
A senior couple meets with their financial advisor.

4 implications of early retirement you should know

Learn more

All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.