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What policies should I follow to save for retirement?
assistant
Policies that you should consider following to save for retirement include:
1. Start saving as early as possible
 • The earlier you start saving, the more time your money has to compound and grow.
2. Aim to save 10-15% of your income
 • To ensure that you will have enough money set aside for retirement, aim to save 10-15% of your income each month.
3. Consider putting your money into a retirement account
 • Retirement accounts, such as 401(k)s and IRAs, offer tax advantages that can help you save more and reach your goals faster.
4. Invest your money wisely
 • Investing your money in a variety of stocks, bonds, and other investments can help to grow your savings faster.
5. Research and utilize employer benefits
 • Most employers offer retirement plans such as 401(k)s. Utilizing your employer’s retirement benefits can be a great way to reach your retirement goals.
6. Make use of catch-up contributions
 • Once you reach a certain age, many retirement accounts allow you to make catch-up contributions which will help you save more.