If you’re like most people, you’re looking forward to retirement, a time when you can focus entirely on enjoying your life. But will you have the resources to do everything you want? Here are some steps you can take now to ensure some bright and shiny golden years.
1. Save for the future.
The best step you can take is to contribute at least 3% to your 401(k). For every dollar you contribute, Ancestry matches a dollar, up to 3%. If you’re able to, consider contributing up to $18,000 per year, the maximum pretax contribution for 2017. And reach out to CAPTRUST. They can connect you with retirement specialists who give you unbiased financial advice that targets your best interests—not theirs.
2. Seize tax-free opportunities.
By enrolling in a medical plan with the Health Savings Account (HSA), you can set aside money—tax-free—for present or future medical expenses. The Health Care Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (FSA) save you money by letting you pay for eligible expenses with tax-free dollars. Ancestry even contributes about $17 a month to your Health Care FSA ($200 a year and prorated for new hires).
3. Live within your means.
Sure, you may have enough money now. But that doesn’t guarantee you’ll be living on easy street forever. Try to resist the temptation to indulge in a lot of luxuries you really don’t need. That way, you’ll have extra money to set aside now—and you can increase the amount over time—so you can eventually savor being a senior.
4. Stay in shape.
From our gym reimbursement program and onsite fitness center to our Wellness Program, we give you lots of opportunities to stay fit. If you establish healthy habits now, it’ll be that much easier to maintain your health as you get older.
5. Create a financial game plan.
Establish a realistic budget that allows you to save money for your future. Not sure how much you should be setting aside? Ancestry gives you free access to industry-leading tools as well as financial education and counseling services through the legal plan.