6 Ways to Maximize your 401(k), Even if You Don't Think You Can Afford To
If you're living paycheck-to-paycheck, saving for retirement may appear unrealistic. But don't want to throw in the towel just yet. Here are some ways to build a 401(k), even when it feels impossible.
According to a Bank of America survey conducted last year, 26% of households spend more than 95% of their monthly income on necessities, leaving them very little for discretionary spending or saving. Even if 95% of your income isn't spent before you receive it, saving for retirement can be challenging, and advice to maximize your 401(k) may sound like a pipe dream.
If you think you can't afford to contribute to your retirement account, stick with us here. There may be ways to maximize your 401(k) that you haven't considered.
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