- Increase your contributions, if possible. Evaluate your current contributions to your retirement plan. Could you be contributing more each paycheck through your payroll process? If so, increase your contributions by an amount you can afford instead of having it reach your bank account, where you can be tempted to spend it.
- Attend an online webinar or set up a meeting with a qualified financial adviser. A qualified financial professional can often help provide solutions to some of your retirement questions. Check with your retirement plan provider to see if they offer this service and at what cost.
- Rebalance your portfolio. Review you retirement plan investments to see if they are performing in line with your strategy. Work with a qualified financial professional to help rebalance your asset allocation, if necessary, or talk with your retirement plan provider about how you can do so on your own.
- Project how much you will need in retirement. There are several free tools and calculators available to you to help you figure out how much income you’ll need in retirement. The tools can also tell you if you are on track or may need to save more to catch up before you retire. Check out the educational resources available to you through your retirement plan provider.