Get Ready for Retirement
1. Save for the future.
The best step you can take is to contribute 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 the IRS annual maximum contribution each year. And reach out to CAPTRUST. They are retirement specialists who give you unbiased financial advice that targets your best interests—they have nothing to sell and their services are already paid for.
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. If you are enrolled in an Ancestry high deductible health plan, you’ll also receive employer contributions to your Health Savings Account!
The Health Care Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (FSA) will save you money by letting you pay for eligible expenses with tax-free dollars.
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 if you can work on increasing the amount over time to invest, you can eventually savor being a senior.
4. Stay in shape.
From our fitness 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. You can also reach out to CAPTRUST and check out the resources on their website. They can help you set up a budget personalized to you and provide help with budgeting, dept management, investment advice, and retirement planning.