Worried about your retirement plan? 5 ways to fix it in 2022 | Personal finance

5. Make regular contributions

Once you have a plan in place and know where you want to put your money, all you need to do is start contributing. It is best to automate this process if you are able to do so. This will reduce the risk that you forget to set aside funds for retirement.

Those with 401 (k) should be able to designate how much they want to withhold from each paycheck, and many IRA providers will allow you to link a bank account and set up an automatic transfer schedule. .

If you stick to this plan for the whole of 2022, you should be making real progress towards your retirement goals. Then, at the end of the year, redo these steps and make the changes needed to keep you on the right track.

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