No. of Recommendations: 0 don't need to be party to a SMarT program to reap such benefits -- you can do it yourself. Whenever you get a raise, increase the contribution rate to your retirement accounts. However -- and this is where the behavioral economics comes in -- you have to remember to do this, and you have to actually do it.


When I was working and the IRA started (way back!), I did just that! Started with a meager 2 percent but jacked it up another percent or two each raise time and never felt the change!

Young people today are SO lucky to HAVE the 401k option!!! Use it -- especially up to the percentage the employer matches it, if any! If you don't, it's like tossing away free money!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.