Maximize your savings

3 important things you can do right away

Max out the match. If you are not doing this, you are missing out on what is essentially extra compensation from your employer. This extra compensation will make a big impact on your long-term savings.

Take a good look at your statement and look at the fees you are paying on your accounts. Figuring out what you are paying in fees can be tricky sometimes but the effort is well worth your time. High fees eat away at your savings at an alarming rate. Make sure everything is in order; you may need to re-balance your investments.

Consolidate any old retirement accounts from former employers. You will need to decide where you want to transfer or rollover your money. This could be to a plan you are currently participating in at a new employer or you could roll it over to a new or existing IRA.