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Hard road to retirement for junior boomers

Learn a saving grace
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Learn a saving grace

Saving more is always a difficult proposition, so one thing that Mike Honeycutt, a young boomer who works as an instructor at the North Carolina Center for Creative Retirement at the University of North Carolina-Asheville, has done is place half of every raise he gets in his retirement accounts.

Another option is to increase the percentage of your salary that you contribute to your 401(k) account by 1 percent every year. Many people don't miss what they don't see in their paycheck every month.


 

 

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