Jan 5, 2021

Posted by in Retirement Planning | Comments Off on 3 Ways To Boost Your Retirement Savings

3 Ways To Boost Your Retirement Savings

3 Ways To Boost Your Retirement Savings

One of the most common factors for people not maximizing their retirement savings is a lack of understanding of what to do. Matt Dixon, a leading financial advisor in the Greenville, SC, area, works with clients to help understand the sometimes very simple steps that most people can take to add substantial amounts to their retirement nest egg.

Maximize Current Tax Savings

Matt Dixon works closely with clients to ensure they are saving on tax deductions while maximizing tax credits. Together, this reduces the amount of taxes paid each year, which is money that can be added to retirement savings funds, investments, or to other elements of the portfolio.

Failing to optimize tax savings can result in thousands of dollars paid out to the government over just a few years. The earlier this issue is addressed, the more retirement savings can grow.

Have a Plan

As a financial planner, the first step that Matt Dixon takes when meeting with his Greenville, SC, clients is to listen carefully and develop a customized retirement plan. This allows long-term decision making to ensure each individual can meet the financial requirements to live their retirement the way they want.

Take Advantage of Current Opportunities

Making the most of investment and retirement opportunities throughout the years of earning an income is another obvious factor in boosting retirement savings. However, many people fail to take advantage of employer matching on 401K plans and other similar types of opportunities.

Reviewing your retirement plans and working with a top financial advisor is a simple way to boost your retirement savings at any point in your life.

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