- Maximize employer-sponsored retirement plans
- Contribute to a traditional or Roth IRA
- Consider investing in a health savings account (HSA)
- Explore other investment options such as real estate or annuities
- Seek professional financial advice
Maximize employer-sponsored retirement plans
Take advantage of employer matching contributions and consider contributing the maximum allowable amount to your 401(k) or similar retirement plan.
Contribute to a traditional or Roth IRA
Consider opening and contributing to an individual retirement account (IRA) to supplement your employer-sponsored plan and take advantage of potential tax benefits.
Consider investing in a health savings account (HSA)
If eligible, contribute to an HSA to save for medical expenses in retirement and enjoy tax advantages.
Explore other investment options such as real estate or annuities
Diversify your retirement savings by exploring alternative investment options that align with your risk tolerance and financial goals.
Seek professional financial advice
Consult with a financial advisor to create a personalized retirement savings strategy and ensure you are on track to meet your retirement goals.