Hidden benefit of saving more

Workers who increase their savings will not only have more money in retirement, but when you save more, you also spend less! This means you won't need as much money to maintain your current level of living when you retire. So ratchet up your retirement investing by 1% today and each subsequent year.

Nerd's Eye View blog (2/15) 

Strategies to increase your retirement savings

Emily Brandon shares suggestions for improving your retirement security. 

1.      Save your raise.

2.      Invest your windfalls.

3.      Qualify for tax breaks.

4.      Get a 401(k) match.

5.      Create an emergency fund.

6.      Save $10 more.

7.      Consolidate your accounts.

8.      Redirect debt payments into savings.

9.      Save side job income.

10.  Ramp up your career.

Details at:  http://money.usnews.com/money/retirement/401ks/articles/2016-11-28/10-retirement-savings-goals-for-2017

Empty-nesters are missing prime opportunity to save for retirement

"Day care, sneakers, cell phones, maybe college – kids are expensive. When they grow up, empty-nesters face a decision about what to do with their extra money.
What they choose is crucial to their retirement security for two reasons – one obvious, and one subtle but very important."
"The obvious thing to do after being freed from child-rearing obligations is to put more money into an employer retirement plan. But 401(k) saving increases only modestly after the kids leave home," according a study by the Center for Retirement Research "comparing empty-nesters with parents whose kids are still living at home."
Read more at http://squaredawayblog.bc.edu/squared-away/empty-nesters-arent-saving-enough/