5 Tips for Taking Control of Your Retirement Savings

DEWITT, Mich. - Dec. 20, 2016 - PRLog -- When do you plan to retire? If your answer is "someday" or "I don't know," it might be time to get more specific with this important milestone. Consider the following to help you make the most of your retirement savings:

1. Set a goal. Saving for retirement is a financial journey, so it helps to be specific with your destination. A good place to start is with our retirement savings calculator.

2. Start early. Investing even a small amount can make a big difference over time. By starting early, you have more time to contribute toward your retirement and can give your money more time to potentially grow.

3. Stick with it. Are you looking for a way to keep investing over time? With dollar cost averaging, you contribute a fixed dollar amount at regular intervals. While this strategy does not ensure a profit or protect against loss, it can help take the guesswork out of investing. Your financial advisor can set this up for you.

4. Take advantage of "free" money. Does your employer offer a match for retirement savings? If so, be sure to invest enough each year to qualify for this contribution.

5. Check your progress. As with any journey, it's a good idea to periodically make sure you're still on track. If it's been awhile since you reviewed your progress, contact your financial advisor today to schedule a portfolio review.