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Every year, the IRS sets a limit on how much money you can contribute to your retirement plans. When you contribute less than the maximum amount allowed, you miss an opportunity that you can’t exactly get back.
Unfortunately, most people can’t afford to max out their retirement contributions each year. In fact, 63% report that they’re not saving enough for a secure retirement.
But there’s still a chance you might be able to set aside more than you’re saving now. Even if it’s a small increase, the benefits can be significant, from short-term tax breaks to long-term peace of mind.
8 ways to increase your retirement contributions
1. Max out your employer match
How often does your employer offer you free money?…