Assumes you start saving at age 25. Starting pay of $35,000. Pay increases 2.5% a year. You earn 7% on your investments.
The key to a financially successful retirement is maximizing your contributions.
When you increase the amount you contribute to your retirement plan every few years, you are helping to ensure you meet your goal. The chart here illustrates this concept.
If your employer offers a matching contribution, you get “free money!” By contributing a portion of your salary, you automatically get the match, there is nothing else you have to do.
Ready to increase your contribution to help achieve a better retirement?
Login to your account on the ASC retirement portal now to update your contribution.