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Boost Your Balance

Contributions are a driving force in your retirement savings. These materials discuss easy ways to increase your 401(k) contribution.


Increasing your retirement contributions – even by a small amount – can make a big difference.

Three Easy Ways to Boost Your Balance

  1. Split your raise/bonus with your retirement fund. If you get a 3% raise, increase your 401(k) contribution by 1%. You’ll increase your take home pay and your retirement savings.
  2. Learn from last year’s tax return. If you got a tax refund, make a change so you’re paying less in taxes and put that money to work in your retirement account.
  3. Maximize your company match. Make sure you’re contributing enough to get all of the match. It’s free money.

Small Change, Big Difference

Let’s say you earn $40,000 annually with a bi-weekly salary of $1,538.50 before taxes and you contribute 3% of your salary to your 401(k). After 30 years, your total savings would be more than $97,000.*

But check out what happens if you increase your contribution to 6% – your total savings would be nearly $200,000!*

As you can see from the following chart, even a small change can make a big difference in the long run.

*Assumed 6% growth rate. Contributions and returns rounded to the nearest dollar. The above illustration is hypothetical and for educational purposes only. Your actual results will vary