How can I maximize my retirement savings?
To maximize your retirement savings, consider contributing to a 401(k) or IRA, and take advantage of employer matches.
What percentage of my income should I save for retirement?
A common recommendation is to save at least 15% of your income, including any employer match.
Are there specific investment options I should consider?
Yes, consider a mix of stocks, bonds, and mutual funds based on your risk tolerance and time horizon.
How often should I review my retirement plan?
It's advisable to review your retirement plan at least annually or after any major life changes.
What are some common mistakes to avoid when saving for retirement?
Common mistakes include not starting early, underestimating expenses, and failing to diversify investments.
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