No matter your age it’s never too late to start saving for retirement, and there are a number of ways to create your nest egg. Here are a few:
1, If your employer offers a retirement savings plan, enroll in it. It can help reduce your taxable income and build your savings at the same time, according to U.S. News & World Report, which suggests contacting your benefits administrator or human resources department. Many employers will match your contributions up to a certain percentage, so save at least up to the company match and try to save at a higher percentage as your paycheck grows. If your employer does not offer a retirement savings plan, open an IRA, or individual Retirement Account.