Automatically transferring a certain percent of what we earn into savings is a time tested way to accumulate retirement funds. If we deposit 5 or 10 percent of our income every payday we don't see that money as immediately spendable. Open a Roth IRA or traditional IRA and make the same automatic transfers and that savings compounds tax free. Always take advantage of employer 401k plans. Employers may only match up to 2-3 percent of our yearly income but that is a 100 percent return for us with no risk. Remember to review savings goals from time to time. See you next time Finwiz.
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