Capture your match

If your employer comes to you to offer matching contributions to your retirement account, you first need to have enough money saved to get the full match. “That is seen as free money, and you would definitely make a bad decision to simply leave it on the table.” as Rob confirmed.

Consider an HSA

“It’s very likely to have increased medical expenses in retirement” Hayden added. That’s why he suggested you pay for them with tax-free dollars. In 2022, individuals are able to contribute as much as $3,650, families as much as $7,300, and account holders that are 55 years and older can contribute another $1,0o. Employers might provide matching contributions, even if they might count against the annual limits.