The secret of successful retirement savers

July 10, 2020

What makes the difference between retirement savings account that gets steadily plumper over time, compared to one that struggles along in fits and starts?

Here’s the secret: Put it on autopilot.

If you have access to a 401(k) or other employer retirement plan, your savings contribution can be deposited in your plan account before you even get your paycheck. It’s an easy way to save, and relatively painless. If you’re among the 17% of eligible workers in Maine who pass up an employer plan, than you’re missing a great benefit!

Don’t have a retirement plan where you work? There’s a good chance you’re eligible for a traditional or Roth IRA. If you need help deciding which tax-favored plan would work best for you, ask us to explain the differences. We’ll then get you started on setting up automatic contributions to a Maine Savings IRA from your paycheck or checking account. In just a few minutes, the secret of saving on autopilot could begin erasing your retirement worries for good.