For a lot of us, retirement is a best-case scenario.
But what will that really look like?
Can you afford that?
If youre like most Americans, you suspect youre not saving enough for retirement.
No matter how much or how little you make, its never too late to boost your savings.
But you shouldnt put it off any longer.
You definitely want to take full advantage of your employers matching contribution to your 401(k) plan.
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Take advantage of your full company match, Jeff Dixson told us.
Hes a financial adviser in Vancouver, Washington, who hosts a radio show called the Retirement Coach.
If they match 3%, contribute 3%.
If they match 6%, attempt to get to 6%.
Theres nowhere else youre going to get free money.
What do they have in common?
Many invest in large private real estate deals.
And heres the thing: Theres no reason you cant, too for as little as $10.
You dont have to be the landlord.
Fundrise does all the heavy lifting.
Fundrises Starter Portfolio has a minimum of only $10 and is geared toward first-time real estate investors.
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Want to invest more?
Fundrise offers a variety of account levels and features to fit every pop in of investors needs.
Since 2014, Fundrise investors have earned roughly $100 million in dividends alone.
*Past performance is not indicative of future results.
Thats OK you dont have to go big right away.
Get in the habit of socking away a little money.
Thats what happened when Penny Hoarder reader Jeremy Kolodziej opened an investment account withAcorns.
Its a virtual coin jar, he says.
You dont even think about it.
Launch Your Investing Portfolio with $5
Maybe youre ready to invest a little more proactively.
Theres a great way to do that without needing thousands of dollars.
And if you sign up now, youll get a $5 sign-up bonus.
Like any investing, the earlier you get started, the more you could earn.
Chances are, your 401(k) could be doing a lot better.
Bonus: Penny Hoarders get a special rate of $99 per year with the code REEETIRE.
Except its your 401(k) and your future.
Catch Up After 50
Its never too late to play a little catch-up.
People in their 50s and 60s can contribute an extra $6,000 per year if theyre able to.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
He does not have enough saved for retirement.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
